Briefs: Goldfields merger gets go-ahead, Prospa bends to ASIC
Goldfields Money shareholders on Friday voted to approve the merger between leading mortgage aggregator Finsure and the WA regional bank. Dissidents made their mark in the vote, with 5.5 million shares voted against and 12 million voted in favour. Completion of the Finsure transaction is scheduled for Friday this week. Prospa Advance Pty Limited has amended its standard form small business loan contract to address terms being unfair under the unfair contract terms provisions of the ASIC Act, the regulator said on Friday. The changes "include addressing problematic terms … and changes to other terms which could have operated unfairly for borrowers and guarantors," ASIC said.