The private credit sector is facing increased scrutiny from the Australian Securities and Investments Commission (ASIC), which has announced a planned crackdown on what it describes as an inconsistent and high-risk industry.

This was a key point of discussion in this week's episode of Broker Daily Uncut. Host Jack Campbell and co-hosts Alex Whitlock and Eva Loisance discussed the looming regulatory action.

ASIC's plans include releasing a series of reports and new guidance over the next few months, aiming to bring consistency and protect consumers from predatory practices.