It’s time for a royal commission into the Australian banking industry.
Recent allegations of misconduct by the big banks have included:
- Rigging interest rates so they hurt mortgage holders
- Dodgy insurance policies to rip off sick and dying people
- Financial planning scandals which lost customers' retirement savings
- And overcharging people with excessive penalty and late fees.
Enough is enough. Australian workers deserve banks that looks after their interests, not just the interests of CEOs and merchant bankers.
Why is this important?
Australia's big banks mishandle, mismanage and misappropriate our hard earned wages on a daily basis. And the Liberals haven’t done a thing about it. If former investment banker Malcolm Turnbull is serious about cleaning up the banks, he can't sit on his hands any longer while workers are getting ripped off.
We're sick of the way we're being treated by the banks, and believe the best way to get to the bottom of the problems in an industry riddled with fraud, corruption and mismanagement is with a royal commission.
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