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Updates from ASIC - Responsible Lending

Guest Carol from Vista Financial

By Guest Carol from Vista Financial
in Pensions & Mortgages: Ask Vista

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Guest Carol from Vista Financial

Guest Carol from Vista Financial

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Posted

Westpac admits to breaching responsible lending obligations and now up for a $35 million civil penalty:

"If approved by the Federal Court, this will represent the largest civil penalty awarded under the National Credit Act."

- recent ASIC media release today 4th September 2018

Read the full ASIC media release here.

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