Bank accounts to become debt traps

Print This Post Print This Post

Personal bank accounts could become debt traps if proposed changes are made to them, one industry expert has warned.

According to Consumer Action Law Centre’s Nicole Rich, financial organisations are attempting to boost their profits by enticing people to take out an overdraft on a transaction account.

Click here for the rest of the article (which4u.com.au Website)

Share this Market Comment

About the author

Top