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04 Sep

Murky waters: What is “responsible lending”?

By:   Lynn & Brown Commercial Law / Dispute Resolution Comments:   No Comments

  On 13 August 2019, Justice Perram dismissed a case that ASIC brought against Westpac in regard to responsible lending laws. Ultimately, Justice Perram decided that Westpac’s use of an automated process for loan approvals was not a breach of responsible lending. The decision leaves us asking: Will banks ever...

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