Westpac hit with $1.5 million fine over credit insurance - 9News

<p>Big four bank Westpac has been ordered to pay a $1.5 million penalty by The Federal Court for selling credit insurance to almost 150 customers who had not requested it.</p>

In a statement to 9News.com.au, Westpac apologised and said all affected customers have already been remediated."In December 2021, Westpac agreed with ASIC to resolve legal proceedings, filed by ASIC… [+213 chars]

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