Tag: mortgage application kit
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ASIC Sues Westpac’s RAMS for Home Loan Misconduct
Corporate regulator ASIC has taken legal action against Westpac’s RAMS, accusing the lender of widespread misconduct related to home loans. The lawsuit alleges that RAMS failed to oversee its staff adequately, leading to instances of falsified pay slips and manipulated financial information on mortgage applications. These actions, according to ASIC, violated credit laws and involved…