The Sydney Morning Herald reports that civil penalty proceedings have been brought against VW's financial services arm for breaches of consumer credit laws.
The breaches consist of failing to make reasonable inquiries or to verify borrowers' living expenses. Nearly 50,000 loan contracts are involved, and took place between 20 December 2013 and 15 December 2016.
The breaches consist of failing to make reasonable inquiries or to verify borrowers' living expenses. Nearly 50,000 loan contracts are involved, and took place between 20 December 2013 and 15 December 2016.
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