May 12 (Reuters) - National Australia Bank Ltd NAB.AX :
* FEDERAL COURT APPROVES SETTLEMENT OF CLASS ACTION AGAINST NAB & MLC LTD IN RELATION TO CONSUMER CREDIT INSURANCE PRODUCTS
* SETTLEMENT INVOLVES A PAYMENT OF $49.5 MILLION
May 12 (Reuters) - National Australia Bank Ltd NAB.AX :
* FEDERAL COURT APPROVES SETTLEMENT OF CLASS ACTION AGAINST NAB & MLC LTD IN RELATION TO CONSUMER CREDIT INSURANCE PRODUCTS
* SETTLEMENT INVOLVES A PAYMENT OF $49.5 MILLION