Westpac faces ASIC action over ‘junk’ credit insurance
Article 2021-04-08 10:40 am By Christine Caulfield | Melbourne
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The corporate cop has launched action against banking giant Westpac for allegedly selling worthless add-on credit card insurance to unwitting customers, the first of what could be a series of cases against banks in the wake of a remediation program that has returned $250 million to hundreds of thousands of account holders with 11 major lenders.

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