03.07.18 MORE DODGY PRACTICES HIGHLIGHTED IN THE BANKING AND FINANCIAL SERVICES ROYAL COMMISSION

MORE DODGY PRACTICES HIGHLIGHTED IN THE BANKING AND FINANCIAL SERVICES ROYAL COMMISSION

The Royal Commission into the Banking and Financial Services sector has today uncovered more outrageous behaviour by companies, this time the targeting of vulnerable consumers in First Nations communities.
 
The conduct being alleged is nothing short of reprehensible.
 
Already, we have heard shocking allegations of First Nations communities and families being targeted with high interest car loans, predatory sales techniques and deceptive marketing tactics by companies selling junk funeral insurance, and telephone sales staff pressuring First Nations people into buying insurance that they did not want.
 
We have seen scandal after scandal revealed as part of this Royal Commission – the same Royal Commission that Malcolm Turnbull staunchly refused to establish for some 600 days.
 
Now, Malcolm Turnbull wants to give the sector a big reward through his big business tax giveaway. 
 
The question has to be asked, do Malcolm Turnbull and Scott Morrison still believe this Royal Commission is “regrettable”?
 
Labor will always stand up for the rights of consumers while Malcolm Turnbull and his Liberals will always act with the best interests of their mates at the big end of town in mind.
 
TUESDAY, 3 JULY 2018
 

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