Business
Westpac wins latest round of ‘shiraz and wagyu’ case battle with ASIC – Sydney Morning Herald
The corporate watchdog has lost its appeal in the landmark ‘shiraz and wagyu’ case against Westpac over the bank’s alleged breaches of responsible lending laws.
The HEM and other similar benchmarks are used by all the big banks to determine whether the expenses declared by a home borrower on their application are realistic.
It is plain that a consumer may c…
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