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’Liar loan’ reviews found flaws in CBA, Westpac processes

As recently as last May, Westpac and Commonwealth Bank had flawed processes for ensuring prospective home loan customers were telling the truth about their incomes, expenses and debts.

’Liar loan’ reviews found flaws in CBA, Westpac processes
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Fresh details of problems in the banking giants’ verification systems were revealed among a trove of documents uploaded by the banking royal commission into financial misconduct late last week.

Read the full article on The Sydney Morning Herald.

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