Urban Rampage banned from using Centrepay to sign up mostly Indigenous customers to credit arrangements

Asic has banned Urban Rampage from the Centrepay system, saying its credit arrangements for customers on Centrelink payments were ‘inherently inappropriate’.Asic has banned Urban Rampage from the Centrepay system, saying its credit arrangements for customers on Centrelink payments were ‘inherently inappropriate’.

“This stop order sends a very strong message to others operating similar models,” he told Guardian Australia. “Where Asic sees credit arrangements that are causing serious harm to consumers … Asic will act and will act strongly.

Calls are mounting for a full review of the system to increase compliance, transparency and strengthen auditing processes. also revealed “Asic is running an inherently racist test case of its powers and using First Nations people as guinea pigs,” the spokesperson said.

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