Australia's Credit Clear plunges to record low on competition commission's action
25/06/2026 05:06
BUZZ-Australia's Credit Clear plunges to record low on competition commission's action ** Shares of Australia's Credit Clear CCR.AX fall as much as 37.5% to a record low of A$0.125
** Australia's Competition and Consumer Commission (ACCC) says it is taking legal action against Credit Clear units, Arma Group and Force Legal
** Says the two companies sent more than 320,000 debt enforcement notices, which were misleading and in breach Australian Consumer Law
** About 1.5 mln shares change hands, nearly 2.5x 30-day average
** CCR stock down 38.9% YTD
(Reporting by Keshav Singh Chundawat in Bengaluru)
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