Humm Group Says ASIC Concludes Investigations Into Cards, Commercial Businesses

MT Newswires Live08:53

Humm Group (ASX:HUM) said the Australian Securities and Investments Commission (ASIC) has informed its subsidiaries that the regulator has concluded investigations into certain matters relating to humm Cards, Flexicommercial and Flexirent Capital, according to a Monday Australian bourse filing.

ASIC has indicated it will not take enforcement action at this time, but this does not imply that no breaches occurred, and it may restart its investigation or take enforcement action if circumstances change, per the filing.

The regulator raised concerns over historical breach reporting and governance, reportable situation assessments, oversight of artificial intelligence credit decisioning systems, and potential unfair contract terms or unconscionable conduct in small business lending agreements, the filing said.

The company has acknowledged ASIC's findings and said it is strengthening its governance and compliance frameworks, the filing added.

The company's shares rose past 2% in recent Monday trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2647415341?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-29 08:53","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2647415341","market":"fut","top_or_hot":-1,"title":"Humm Group Says ASIC Concludes Investigations Into Cards, Commercial Businesses","media":"MT Newswires Live","content":"<html><body><p> Humm Group (ASX:HUM) said the Australian Securities and Investments Commission (ASIC) has informed its subsidiaries that the regulator has concluded investigations into certain matters relating to humm Cards, Flexicommercial and Flexirent Capital, according to a Monday Australian bourse filing.</p><p>ASIC has indicated it will not take enforcement action at this time, but this does not imply that no breaches occurred, and it may restart its investigation or take enforcement action if circumstances change, per the filing.</p><p>The regulator raised concerns over historical breach reporting and governance, reportable situation assessments, oversight of artificial intelligence credit decisioning systems, and potential unfair contract terms or unconscionable conduct in small business lending agreements, the filing said.</p><p>The company has acknowledged ASIC's findings and said it is strengthening its governance and compliance frameworks, the filing added.</p><p>The company's shares rose past 2% in recent Monday trade.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Humm Group Says ASIC Concludes Investigations Into Cards, Commercial Businesses</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHumm Group Says ASIC Concludes Investigations Into Cards, Commercial Businesses\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-06-29 08:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Humm Group (ASX:HUM) said the Australian Securities and Investments Commission (ASIC) has informed its subsidiaries that the regulator has concluded investigations into certain matters relating to humm Cards, Flexicommercial and Flexirent Capital, according to a Monday Australian bourse filing.</p><p>ASIC has indicated it will not take enforcement action at this time, but this does not imply that no breaches occurred, and it may restart its investigation or take enforcement action if circumstances change, per the filing.</p><p>The regulator raised concerns over historical breach reporting and governance, reportable situation assessments, oversight of artificial intelligence credit decisioning systems, and potential unfair contract terms or unconscionable conduct in small business lending agreements, the filing said.</p><p>The company has acknowledged ASIC's findings and said it is strengthening its governance and compliance frameworks, the filing added.</p><p>The company's shares rose past 2% in recent Monday trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4605","symbol_name":"半导体精选","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2647415341","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2647415341","pubTimestamp":1782694394,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Humm Group  said the Australian Securities and Investments Commission  has informed its subsidiaries that the regulator has concluded investigations into certain matters relating to humm Cards, Flexicommercial and Flexirent Capital, according to a Monday Australian bourse filing.ASIC has indicated it will not take enforcement action at this time, but this does not imply that no breaches occurred, and it may restart its investigation or take enforcement action if circumstances change, per the filing.The regulator raised concerns over historical breach reporting and governance, reportable situation assessments, oversight of artificial intelligence credit decisioning systems, and potential unfair contract terms or unconscionable conduct in small business lending agreements, the filing said.The company has acknowledged ASIC's findings and said it is strengthening its governance and compliance frameworks, the filing added.The company's shares rose past 2% in recent Monday trade.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4605":"半导体精选","LU1978683503.SGD":"Blackrock Sustainable Energy A2 SGD-H","LU2298322129.HKD":"BGF SUSTAINABLE ENERGY \"A2\" (HKDHDG) ACC","LU1854103824.USD":"M&G (LUX) POSITIVE IMPACT \"A\" (USD) INC","LU2360107325.USD":"BGF FUTURE OF TRANSPORT \"A4\" (USD) INC","BK4512":"苹果概念","LU0724618433.USD":"BGF NEW ENERGY \"A4\" (USD) INC","LU0124384867.USD":"贝莱德新能源基金A2","BK4585":"ETF&股票定投概念","BK4141":"半导体产品","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","IE00BFMHRM44.USD":"NEUBERGER BERMAN GLOBAL EQUITY MEGATRENDS \"A\" (USD) ACC","BK7500":"支付概念","ON":"安森美半导体","LU1861214812.USD":"Blackrock Future of Transport A2 USD","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","ASIC":"Ategrity Specialty Holdings","BK4107":"财产与意外伤害保险","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU1861219969.SGD":"Blackrock Future of Transport A2 SGD-H","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK7093":"消费信贷","LU1854104046.USD":"M&G (LUX) POSITIVE IMPACT \"A\" (USD) ACC","HUM.AU":"HUMM GROUP LTD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4588":"碎股"},"translate_title":"Humm Group表示ASIC结束了对信用卡和商业企业的调查","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ASIC":1.5,"ON":1.5,"HUM.AU":1},"content_text":"Humm Group (ASX:HUM) said the Australian Securities and Investments Commission (ASIC) has informed its subsidiaries that the regulator has concluded investigations into certain matters relating to humm Cards, Flexicommercial and Flexirent Capital, according to a Monday Australian bourse filing.ASIC has indicated it will not take enforcement action at this time, but this does not imply that no breaches occurred, and it may restart its investigation or take enforcement action if circumstances change, per the filing.The regulator raised concerns over historical breach reporting and governance, reportable situation assessments, oversight of artificial intelligence credit decisioning systems, and potential unfair contract terms or unconscionable conduct in small business lending agreements, the filing said.The company has acknowledged ASIC's findings and said it is strengthening its governance and compliance frameworks, the filing added.The company's shares rose past 2% in recent Monday trade.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2647415341","isCrawlerRequest":true}