Current affairs: Aboriginal are pushed to purchase unnecessary insurance cover

The banking royal commission has heard the chief executive of an insurance company accused of exploiting Indigenous Australians has no qualifications to be in his position. Sitting in Darwin the commission has also heard Aboriginal and Torres Strait Islanders have been routinely pushed to purchase unnecessary life insurance and funeral cover. Meanwhile, one in six Australians is struggling with credit card debt they may never be able to repay, according to alarming research by the financial regulator. Winmas and Ivan have the details.

Insurance customer Kathy Marika gave evidence at the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (AAP) Source: AAP