Aug 23 (Reuters) - Credit Corp Group Ltd (CCP) :
- REVIEW IDENTIFIED CUSTOMERS WERE CHARGED INTEREST IN CIRCUMSTANCES WHERE CO INTENDED TO APPLY FORBEARANCE OF ZERO OR REDUCED INTEREST RATE
- INVESTIGATION WILL IDENTIFY & REMEDIATE ALL CUSTOMERS AFFECTED BY ANY FAILURE TO APPLY INTENDED INTEREST FORBEARANCE FROM 1 JULY 2015
- INTERNAL INVESTIGATION WAS INITIATED TO DETERMINE EXTENT OF ISSUE AND PROPOSED REMEDIATION
- INDICATIONS ARE THAT NO MORE THAN 1% OF CUSTOMERS COMPRISING AUSTRALIAN, NZ ACTIVE PDL PORTFOLIO OVER PERIOD WERE AFFECTED
- TOTAL REFUNDS, INCLUDING INTEREST THEREON, ARE NOT ANTICIPATED TO EXCEED A$4 MILLION FROM INVESTIGATION
- RECENTLY RECEIVED PRODUCTION NOTICE FROM ASIC INDICATING CONCERN OVER HISTORIC PRACTICE
- INITIATED FURTHER PROCESS TO APPLY KEY ELEMENTS OF REVISED POLICY TO ALL TEMPORARY ARRANGEMENTS IN PLACE FROM 1 JULY 2015
- COOPERATING WITH ASIC'S INVESTIGATION, DOES NOT BELIEVE HISTORIC PRACTICE OF ACCEPTING TEMPORARY ARRANGEMENTS WAS CONTRARY TO LAW
- CREDIT CORP RE-AFFIRMS ITS EARLIER GUIDANCE FOR FULL YEAR
Aug 23 (Reuters) - Credit Corp Group Ltd (CCP) : REVIEW...
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Last
$16.51 |
Change
-0.080(0.48%) |
Mkt cap ! $1.123B | |||
| Open | High | Low | Value | Volume |
| $16.67 | $16.70 | $16.20 | $4.582M | 278.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $16.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.59 | 1200 | 1 |
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