Regulator loses Westpac home loans case

By Megan Neil
Updated August 13 2019 - 5:03pm, first published 10:20am
ASIC has lost a case alleging Westpac breached laws when assessing the suitability of home loans.
ASIC has lost a case alleging Westpac breached laws when assessing the suitability of home loans.

The financial regulator has lost a landmark lending case against Westpac, with the judge saying borrowers can forgo Wagyu beef and the finest shiraz for more modest fare to meet loan repayments.

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