ASIC puts banks on notice after review shows ‘extremely poor value’ of credit insurance
ANZ 2019-07-11 6:47 pm By Amelia Birnie | Sydney
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The corporate watchdog has warned “robust” enforcement action is on the cards for banks and lenders, after a review found consumer credit insurance policies to be “extremely poor value for money”, paying out as little as 11 cents per dollar spent in premiums on average.

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