Let's make banking fair
We use banks every day. Paying for groceries. Saving for a home.
But a royal commission has shown banks don't always treat us fairly.
Tell politicians to fix the banks for good.
Over 12,657 voices added. Let's get to 20,000!
Let's fix the banks for good
We think banks should put our interests first, not just their own.
What needs to change
We're calling for:
Fines that fit the crime…when a corporation breaks the rules
Compensation for victims…people hurt by banks' behaviour
Banks acting in our interests…not just their own
More power for ASIC…our banking umpire
What's happened so far
CHOICE has been in there from day one of the royal commission, fighting for consumers like you – and it has paid off.
An interim report released by the commission shows it’s not buying what the banks are selling. It slammed the banks as "dishonest" and "greedy".
Now the commission is considering a major overhaul of how our banks are run, regulated and penalised for doing the wrong thing.
What's the banking royal commission?
After dozens of high-profile banking scandals in Australia, people pushed our politicians for a formal inquiry - a royal commission.
Its full title's a mouthful: the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.
But its aims are to investigate poor conduct in the industry and put forward solutions to help make the system work better for all Australians.
Who's hurt by bad banking behaviour?
Three of almost 3000 stories people shared with us.
Becky*, Bad financial advice
Hugh*, Personal loans
How did banking get so bad?
Royal commission timeline
Royal commission called
CHOICE invited to report on people's experiences with financial services.
CHOICE makes our report
We share almost 3000 people's stories with the commission.
First public hearings begin
We put forward solutions to fix banks' irresponsible lending.
Commission's initial findings
Time to pressure our politicians.
Commission makes final report
Time to step up our campaign.
Let's tell politicians in our thousands they need to fix the banks for good.
You've joined thousands calling to fix the banks for good.
We'll keep you updated about our next move.