Westpac to Pay Record A$35mn for ‘Responsible Lending’ Breach By Manesh Samtani, Regulation Asia Published on 6th September 2018 Westpac Bank’s automated credit assessment system approved 10,500 home loans between 2011 and 2015 which should not have been automatically approved; the system has since been upgraded.To continue reading... Sign in Password * Remember me Lost your password? Get access Get access immediately by purchasing a 12 month subscription, or register today to get access to a free 5-article trial: Register Subscribe To discuss subscription options with our team please email: [email protected] Related:ASIC, Home Loans, loan assessment, National Credit Act, responsible lending, Westpac Recommended for you ASIC Approves Variations to Banking Code of Practice Myanmar Launches First Credit Bureau Following Soft Launch IOSCO Issues Guidance on Addressing Misconduct During Stress Events