RAMS sued for systemic misconduct – June 4, 2025
Civil penalty proceedings have commenced against RAMS Financial Group for systemic misconduct in arranging home loans between June 2019 and April 2023.
According to ASIC, RAMS violated sections 31(1), 47(1)(a), (b), (d) and (e) of the Credit Act by, besides working with unlicensed referrers, failing to:
- have
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