18-031MR Update Westpac remediates credit card
12-79MR Westpac withdraws unsolicited credit card limit
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Westpac has provided around $11.3 million in remediation to around 3,400 credit card customers after ASIC raised concerns about its credit card limit increase ASIC said it was particularly concerned that Westpac relied largely on automated processes to increase credit card limits. Westpac has credit limit increases
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ASIC says Westpac may have swayed from responsible lending laws by using automated processes to check customers applying for credit card limit increases. Westpac has provided around $11.3 million in remediation to around 3,400 credit card customers after ASIC raised concerns about its credit card limit increase
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2/23/2018 16-009MR Westpac pays $1 million following ASIC's concerns about credit card limit increase practices ASIC - Australian Securities and I … It included about $3 million in fee refunds and $8.3 million in waived credit card balances. In a statement, Westpac said of credit limit increase ABC News
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How Is My Credit Card Limit Determined? Posted by TJ Ryan December 14, 2016. At any time, you can apply to your lender to increase your credit limit. Credit limits vary from person to person. The information you supply in your application will help us determine your credit limit. If your application is approved, we
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ASIC has announced that following its review focussing on credit card providers’ invitations to customers to increase credit card limits, Westpac has reviewed its 17/03/2012 · From time to time I get offers from my bank to increase my credit card limit. I been with Westpac for like 6-7 You're still able to apply for increases by
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The 55 Day Credit card. Westpac’s $1,000 minimum credit limit. 0% p.a. on balance transfers for 14 months when requested at credit card application. Messages sent to its customers about credit card limit increases have been withdrawn and modified by Westpac following ASIC concerns they were misleading. The
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