It is better to be an outcast, a stranger in one’s own country, than an outcast from one’s self. It is better to see what is about to befall us and to resist than to retreat into the fantasies embraced by a nation of the blind.
Chris Hedges

Monday, April 30, 2012

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.

No comments: