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ANZ to pay $5m for Esanda car finance breach

Alice UribeFinancial Services Writer
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ANZ Banking Group has reached a settlement with the corporate watchdog over dodgy loans approved through its former car finance business Esanda, agreeing to pay a $5 million fine.

The bank admitted it contravened the responsible-lending laws 24 times for car loans approved by Esanda from three broker businesses between 2013 and 2015.

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Alice Uribe writes on Financial Services and Insurance
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    Original URL: https://www.afr.com/business/banking-and-finance/financial-services/anz-to-pay-5m-for-esanda-car-finance-breach-20180118-h0kchu