An Australian court dismissed a case by the corporate regulator against Westpac ...
FILE PHOTO: A man walks past a Westpac bank branch in Sydney, Australia April 20, 2018. REUTERS/Edgar Su
Federal Court Judge Nye Perram ordered the regulator to pay costs after finding that the bank did assess applicants’ expenditure before approving home loans. The Australian Securities and Investments Commission has been trying to introduce more prescriptive lending rules following revelations of improper lending.
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