Lender and debt collector Credit Corp Group has halted trading on the ASX after a report accused it of using legal loopholes to avoid having its Wallet Wizard business classed as a payday lender, reports the AFR. The anonymous report on "Checkmate Research" calls on Westpac to stop funding Credit Corp in the same way as it has stopped funding payday lenders such as Money3 and Cash Converters, saying Credit Corp was violating responsible lending obligations by advancing payday loans to people who were not suitable. It also accuses Credit Corp of "earnings management" to smooth out lumpy profit reports. Credit Corp responded that its operational standards were set "significantly above legal requirements". An official response may take several days. The trading halt is in place until Monday 25 June, or until the response is released, says The Motley Fool website.