Scams, Banking, Australia news, Consumer affairs, Money Business | The Guardian
Banks and government say mandatory reimbursements will only attract scammers. But critics argue that system works well in the UKGet our morning and afternoon news emails, free app or daily news podcastWhen the assistant treasurer started his National Press Club address on government reforms to stop financial scams, he made a point of acknowledging the heads of the banking lobby and the chief executive of Westpac.To scam victims who hold the banks responsible for their personal losses, the Stephen Jones “shout out” on Wednesday was another sign of the perceived influence of the financial sector to avoid being forced to pay compensation.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…
Banks and government say mandatory reimbursements will only attract scammers. But critics argue that system works well in the UK
Get our morning and afternoon news emails, free app or daily news podcast
When the assistant treasurer started his National Press Club address on government reforms to stop financial scams, he made a point of acknowledging the heads of the banking lobby and the chief executive of Westpac.
To scam victims who hold the banks responsible for their personal losses, the Stephen Jones “shout out” on Wednesday was another sign of the perceived influence of the financial sector to avoid being forced to pay compensation.