Banks discriminating against the vulnerable, finance expert says

  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Minorities and disabled people not protected from high overdraft charges, says former FCA board member

Vulnerable members of society, including ethnic minorities and people with disabilities, are being discriminated against by banks, a former board member of the Financial Conduct Authority has said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Come on! Has it ever been any different? There are whole industries created to skin the poor and vulnerable: the PayDay loans etc.

What a ridiculous story. Banks rip ALL of us off. It's just that we are smartening up at different speeds.

Wow! That’s before Brexit “deal or no deal” discrimination against poor sick & disabled has been going on for years!

Why didn’t he mention it when he was a board member at the FCA then.......

Next cash will go.

The HMRC discriminates against me every f*****g week

I love it when the analysis is decades behind reality. It really deals with the issue.

This sounds like an issue with minorities having low income, rather than banks discriminating against minorities. Of course those with lower income are more likely to use unarranged overdrafts.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 84. in AU

Australia Australia Latest News, Australia Australia Headlines