Finder Earn Compliant with Financial Law, Australian Federal Court rules

The Australian Federal Court ruled in favor of fintech company Finder.com, clearing it and its yield-generating product, Finder Earn, in a legal battle with the Australian Securities and Investments Commission (ASIC) that lasted almost three years.

In a Thursday court decision, Justices Stewart, Cheeseman and Meagher confirmed a previous judgment that Finder Wallet and Earn complied with consumer financial laws.

The federal court “confirmed the initial finding that Finder Earn was not a financial product,” Finder said in a Thursday blog post.

The…