The Bank Puppet Masters Pull The Government Strings Again…

Laws to implement some of the remaining recommendations from the Hayne Royal Commission, including penalties for bankers supported by the Greens was pulled yesterday, thanks to direct pressure applied by the banking industry and their lobbyists.

As a result, legislation to sharpen up protection of consumer credit were also shelved, and a number of customers with specific complaints in the works are now in limbo.

A weak Government, whose strings are being pulled by the Bankers?

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Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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