ASIC has launched proceedings in the Brisbane Federal Court against Gold Coast-based credit repair business, Malouf Group Enterprises Pty Ltd, and its director Jordan Francis Malouf. ASIC alleges that between 1 January 2014 and 31 December 2015, Malouf Group made false or misleading representations and engaged in unconscionable conduct in the operation of its credit repair business, including by representing to consumers that Malouf Group could remove negative listings from their credit file when in fact often nothing could actually be done about the listings. ASIC also alleges that in some cases there was nothing in fact wrong with the consumer's credit file. Malouf Group usually charged consumers a fee of $1,095 for its services.