Westpac will face a class action in the Federal Court, with the bank accused of irresponsibly granting home loans to people who couldn't afford them
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Westpac hit with class action that could affect thousands of home loansA class action is launched against one of Australia's biggest banks, alleging irresponsible lending practices.
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Wespac facing home loans class actionWestpac is facing a class action for allegedly giving loans to people who couldn't afford to pay them back. 9News
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Westpac faces responsible lending class actionWestpac is facing the first class action against a major bank in the wake of the Hayne royal commission into financial misconduct | clancyyeates
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ANZ admits it was 'overly conservative' in home loansWith its mortgage book shrinking, ANZ chief Shayne Elliott concedes the bank may have been too cautious in its home lending decisions.
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Westpac share price lifts on bigger profit marginsWestpac's share price rises on a trading update showing the banking giant reaped $2.04 billion in profits during the last three months of 2018, thanks to higher interest margins.
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Westpac's $2bn profit underscores advantages for 'big boy' banksWestpac appears to be weathering weak conditions in retail banking better than smaller rivals, notching up $2.04 billion in cash earnings in the latest quarter.
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Payday loans skyrocket as households pushed into risky forms of creditAs mainstream lenders pull back on new finance and tighten credit after the Hayne Royal Commission, households are being pushed into riskier forms of credit.
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Consumer crunch: Banks set to crack down on credit cards, car loansBanks may make it harder for consumers to get car loans, credit cards and personal loans under proposed rules from the corporate regulator.
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Consumer crunch: Banks set to crack down on credit cards, car loansBanks may make it harder for consumers to get car loans, credit cards and personal loans under proposed rules from the corporate regulator.
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Where has the money gone from 'Diamond' Joe Gutnick's loans?As he seeks to rebuild his fortune after bankruptcy, businessman Joseph Gutnick is being probed by the corporate watchdog over millions in loans
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