Banking Sector Newsletter (Issue 43)

27 August 2019


Welcome to our fortnightly banking newsletter. 
This week’s edition contains commentary on the Federal Court’s decision to dismiss ASIC’s responsible lending case against Westpac. The much reported judgment saw ASIC’s action against Westpac fail, in part as ASIC was unable to evidence that Westpac’s use of the Household Expenditure Measure (HEM) had resulted in unsuitable loans being issued, or resulted in a breach of the NCCP.

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