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Junk insurance lands Westpac in court

ASIC is taking Westpac to the Federal Court, alleging it sold junk credit insurance to 384 customers that did not want it and whose accounts were unlawfully debited to pay for the premiums.

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Read more: ASICCCIWestpacBank of QueenslandBendigoCitigroupCommonwealth BankKaren ChesterLatitude Finance AustraliaNAB