Owner of scandal-plagued Panthera Finance tells court it was not technically operating illegally in Victoria

• The owner of Panthera Finance claimed in court that the company was not operating illegally in Victoria, arguing that acquiring debts exempted them from being classified as debt collectors. This assertion is part of a broader legal challenge faced by the firm, which has been under investigation for its controversial practices.
• This development is significant for Panthera Finance as it seeks to navigate legal challenges and restore its reputation amidst allegations of unethical debt collection practices. The outcome could influence the firm's operational strategies moving forward.
• The case highlights ongoing debates around debt collection regulations in Australia, reflecting broader concerns about consumer protection and the ethical implications of aggressive debt recovery tactics employed by firms like Panthera Finance.

— via World Pulse Now AI Editorial System