Westpac Cops A Belting From Regulator-Watchdog AFCA!Ex-Chair Lindsay Maxsted Ex CEO Brian Hartzer, Guilty Of Unconscionable Conduct.
New CEO Peter King was CFO at the time.
"The bank (Westpac) breached its agreement with the complainants when it assigned the credit card and personal loans to third party collection agencies.
"It(Westpac) also delayed repurchasing the debts and failed to correctly repurchase the credit card debt.
"As a result of the bank failing to repurchase the credit card debt, the complainants wrongly endured years of debt collection (Credit Corp)activity." AFCA Reports March 2020
Just Released AFCA Report. For Copy Contact:AFCA'sCase # 646231 Report On Behalf Of Westpac (ASX:WBC):
JohnMcFarlane-Chair +61-419-683-411
PeterKing-CEO+61-438-284-863
AFCA'sCase # 673274 Report On Behalf Of Credit Corp (ASXCCP):
DonaldMcLay-Chair +612-8651-5000
ThomasBeregi-CEO +612-8651 5000
25mCustomer's Financial Watchdog AFCA Chief Contacts:
HelenCoonan-Chair 1800 931 678 (Australia)
DavidLocke-CEO, Ombudsman 1800 931 678 (Australia)
AFCA Case # 646231
AFCA'sCase # 673274
Westpac Cops A Belting From Regulator-Watchdog AFCA!Ex-Chair...
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