Westpac hit with class action over ‘irresponsible’ mortgages
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Westpac will face a class action in the federal court for issuing home loans that breached responsible lending rules. From SBS News:
Westpac is facing a class action for allegedly giving loans to people who couldn’t afford to pay them back.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.