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Westpac is accused of misleading and offering unfair sales of consumer credit insurance to hundreds of customers

Westpac is accused of misleading and offering unfair sales of consumer credit insurance to hundreds of customers

Westpac is being pursued by the corporate watchdog for allegedly selling junk consumer credit insurance. The Australian Securities and Investments Commission commenced proceedings against the bank in the Federal Court on Thursday for alleged misleading and offering unfair sales to almost 400 customers. 'ASIC's deep dive investigations in late 2018 and into 2019...

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ASIC Australian Securities and Investments Commission CCI Karen Chester Westpac

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