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Join Alex Whitlock, Annie Kane and Charbel Kadib as they delve into the latest themes and developments in the home loan market.
In this episode, they delve into the anti-money laundering and anti-terrorism financing regulator AUSTRAC’s civil penalty orders against Westpac, as well as the latest class actions against ANZ and Westpac in relation to the mis-selling of comprehensive credit insurance.
This week they discuss…
- Westpac CEO Brian Hartzer’s response to the allegations
- Whether ramifications for the alleged breaches are adequate
- Previous cases of banks mis-selling CCI
PREVIOUS EPISODES:
Vertical integration and the rise of neobanks
Best interests guidance and pre-approval suspension
Big bank profits slide
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