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(Reuters) - Australia's Westpac Banking Corp has reached an A$130 million ($81.84 million) settlement on a class action lawsuit against the lender over commissions paid to auto dealers over five years, the bank said on Friday.
The class action, which was filed by law firm Maurice Blackburn in 2020, claimed Westpac and St George Finance let car dealers hike interest rates on car loans to earn these commissions between March 1, 2013 and October 31, 2018.
Maurice Blackburn did not immediately res...
>>> Read more: Australia's Westpac settles auto finance class action lawsuit for $81 million
The class action, which was filed by law firm Maurice Blackburn in 2020, claimed Westpac and St George Finance let car dealers hike interest rates on car loans to earn these commissions between March 1, 2013 and October 31, 2018.
Maurice Blackburn did not immediately res...
>>> Read more: Australia's Westpac settles auto finance class action lawsuit for $81 million
