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Regulatory

ASIC secures $160m in remediation over junk credit insurance

ASIC has announced it has secured $160 million in remediation for consumers sold junk credit insurance from 11 major banks and lenders between 2011 and 2018.

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Read more: ASICKaren ChesterANZAustralian Central Credit UnionBank of QueenslandBendigo and Adelaide BankCitigroupCommonwealth BankCredit Union AustraliaLatitude Finance AustraliaNABSuncorp-MetwayWestpac