Productivity Commission's final report lashes banks for exploiting customers

The Productivity Commission has lashed the banks for flooding the market with similar products, ripping off loyal customers and drumming up new business with temporary and illusory benefits.

تأتي انتقادات مفوضية الانتاجية على خلفية انعدام الثقة بين المصارف و الجمهور Source: AAP

The Productivity Commission has lashed the banks for flooding the market with similar products, ripping off loyal customers and drumming up new business with temporary and illusory benefits.

The final report from PC chairman Peter Harris pulls no punches with its analysis of competition in the financial system in which it calls out for its "a blizzard of barely differentiated products" creating "an illusion of choice".