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ASIC takes Westpac to court over alleged unfair sales of consumer credit insurance – NEWS.com.au

ASIC takes Westpac to court over alleged unfair sales of consumer credit insurance

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Australias corporate regulator has started court action against Westpac for alleged misleading and unfair sales of consumer credit insurance.The Australian Securities and Investments Commission announced on Thursday it had begun civil proceedings against the bank in the Federal Court.
The action relates to the bank’s credit card repayment protection and flexi-loan repayment protection policies, which are insurance products sold with credit cards and lines of credit.
ASIC alleges Westpac made false…

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