Watchdog swoops on finance companies
The Securities Commission yesterday fronted up to concern over mushrooming non-bank lending, revealing it is launching a review of disclosure by finance companies.
Saturday, February 14th 2004, 8:44AM
by The Landlord
The finance company sector has been growing like topsy, with some issuers doubling their loan books each year as they borrow millions from mum and dad investors looking for higher interest rates.
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