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ASIC SUES WESTPAC OVER 'JUNK' CREDIT INSURANCE SALES TACTICS

© Provided by ABC Business Westpac is being taken to the Federal Court by ASIC over its sale of consumer credit insurance. (ABC News: Sarah Motherwell) A controversial practice where consumers are sold "junk insurance" when they go to take out a home loan, credit card, or even buy a plane ticket, will be scrutinised in court, following action by the corporate regulator against Westpac...

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