Global

Westpac sued by ASIC for failing to respond to hardship notices

The corporate watchdog has taken Westpac to court after it failed to respond to customers suffering from financial hardship. Westpac could face millions in fines after the Australian Securities and Investments Commission (ASIC) launched civil penalty proceedings against the bank after 229 customers did not receive a response to a hardship notice within the required

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Global

Student loan borrowers face hardship after court ruling

WASHINGTON – When President Biden announced his plan last August to eliminate up to $20,000 in federal student loans for some borrowers, he framed it as part of a multifaceted approach to ease the burden on loan holders and prevent a wave of defaults. Now, in the final months of the federal student loan pause,

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