Banks target vulnerable

BANKS are using predatory tactics to target customers with financial products when they are most vulnerable, leaving customers in greater debt, a new report has found. Banks and other financial institutions have spent up to $200 million each creating customer databases by drilling into personal credit card transactions so they can predict when financially stretched customers might be more susceptible to offers of increased credit limits, insurance, education or superannuation funds and investment products. http://www.theage.com.au/national/banks-target-

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