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ASIC: Westpac To Pay $1.5 Million Penalty For Mis-Selling Consumer Credit Insurance - Vimarsana News

ASIC: Westpac To Pay $1.5 Million Penalty For Mis-Selling Consumer Credit Insurance

<p><span>The Federal Court has ordered Westpac Banking Corporation pay a $1.5 million penalty for mis-selling consumer credit insurance with its credit cards and Flexi Loans to customers who had not agreed to buy insurance policies.</span></p>