ComCom pings Westpac for alleged CCCFA breaches
The bank says the alleged breaches of lender responsibility principles relates to historical issues with some of its products.
Westpac identified and self-reported to the Commerce Commission in 2022.
The Commerce Commission alleges Australian-owned bank Westpac breached the Credit Contracts and Consumer Finance Act (CCCFA) after multiple failures.
The watchdog has filed High Court proceedings against Westpac New Zealand for alleged breaches of lender responsibility principles. That related to
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