Freelance Investigator Takes on Aussie Banks Wednesday, 13 March 2013 Melbourne, Australia By Kris Sayce
"Bendigo and Adelaide Bank was "incompetent" in its dealings with an elderly couple with little English and in poor health, and had failed to investigate whether they could meet their financial obligations, the NSW Supreme Court has found."
'In a damning judgment, judge Michael Pembroke set aside a $1.2 million, 25-year loan to Greek couple Steve and Aristea Karamihos, ruling it was "unjust" under the National Credit Code.' - The Australian (13/3/2013) "
Until recently, the relationship between customers and banks has been a one-way street. It's been about the customers handing over their hard-earned cash in the form of mortgage payments. Even if you don't have a mortgage, you've got to find somewhere to keep your savings...most of the time that involves maintaining a bank account. And there aren't many jobs these days where they'll...