Westpac slams ASIC for ’19th century approach’ to home loans

Financial Services 2019-05-06 8:35 pm By Miklos Bolza | Sydney

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Banking giant Westpac has criticised the Australian Securities and Investments Commission’s old fashioned approach to home loan serviceability, saying its own complex system is more efficient and would “pass muster” in the face of the regulator’s allegations that it breached responsible lending laws.

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