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Aussie Banks are damned in new reports coming from a Australian Royal investigation just released;
Question; Are bank workers along with their bosses now in line to receive criminal charges? TSB has shown us solid support over many years so should be except here are the reasons.
I applied for a Kiwi bank account as a retired 68yr old homeowner in 2010 and we were refused, as my husband is disabled, and did honestly declare this on our application ton Kiwi bank.
We complained as clients who were ‘completely clear of any bad credit history at all’ and the Kiwi bank Manager was acting unreasonable on the phone to us, and afterwards sent us a scathing letter effectively saying our profile as a client was not welcomed????
We never missed a mortgage payment with our previews accounts with two other banks.
We had an account at ANZ and TSB, so we were so shocked as my husband is disabled we only are concerned that disabled people are singled our for being denied for being clients with banks, and this is a breach of our human rights.
We are still with TSB. They are so far the best bank we have ever found.
NZ Banks need to be investigated as insurance companies are being now, and while we are at that issue of insurance companies wrong doings in NZ me and my husband had a life insurance policy with a insurance company in NZ since 1884 and when we become 68 our insurer cut our life insurance policy off after they doubled the premium and then cut off our account, so we lost our life insurance through extortion policies it seems as they were threatening to substantial raise our premium cost monthly at where no one on a pension could have afforded the cost.
Yes insurance and banks are apparently corrupt privateers.
Now the local councils around the country are telling us all they need to sell our assets such as Port airports and other “essential services” so all of us are in for yet more rorting of our money as privatising our assets will only bring the same greed policy we have witnessed in banking and insurance companies just to keep profits for “shareholders happy folks!!!
So we are doomed in this ‘corporate greed culture’ we have apparently embraced.
Just remember; – “What goes around comes around”
I guess the problem is that in NZ many ex politicians seem to end up on the boards of banks… ha ha maybe has something to do with their reluctance to investigate banks. Likewise the tax working group seemed very stacked with people in certain sectors…
This is a good issue to fix in NZ… surely consumer contracts should be easy to read and understandable, and not be allowed to hide clauses in difficult language to understand, especially because we have a high percentage of people who suffer literacy issues, including Maori?
https://www.stuff.co.nz/business/money/110368316/academic-calls-for-law-to-ban-ludicrously-complex-consumer-contracts
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