Tuesday, July 9, 2019

Westpac refunds wrongly-charged mortgage customers

Westpac has been forced to compensate around 40,000 customers who've been ripped off on their mortgage repayments. 

In the latest fallout from last year's banking Royal Commission, Australia's second biggest bank is on track to shell out close to a $100 million after discovering the customers had been charged too much when their loans switched off "interest only" payments. 

Here's my report from this morning's AM program

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