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Money Converters to refund $10m in unfair payday advances after Asic governing

Money Converters to refund $10m in unfair payday advances after Asic governing Australian Securities and Investments Commission claims loan terms amounted to breaches of nationwide Credit Act Cash Converters will return $10m in unjust payday advances following the Australian Securities and Investments Commission discovered it had breached credit regulations. Photograph: Bloomberg via Getty Images Cash Converters will return $10m in…