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AAP
AAP
Adrian Black

RAMS franchisees hit back over Westpac 'blame shifting'

Westpac Rams ASIC Sarah Court
Franchisees of a Westpac subsidiary have launched legal action over the termination of leases. (Diego Fedele/AAP PHOTOS)

Australia's oldest bank has agreed with the corporate regulator to pay for bad practices at a subsidiary, but franchisees say they have been wrongfully accused.

The Australian Securities and Investments Commission is suing Westpac after uncovering a subsidiary's systemic misconduct in arranging home loans.

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