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.

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Let's fix the banks for good

We think banks should put our interests first, not just their own.

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

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.

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.

Our adviser took $160K. We lost everything

Becky*, Bad financial advice

Read more about Becky's story

My son was sent bankrupt by irresponsible lending

Hugh*, Personal loans

Read more about Hugh's story

We were left sleeping in squalor by claim denial

Jasmin*, Insurance

Read more about Jasmin's story

Join CHOICE to fix the banks for good

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 releases final report

    Time to step up our campaign.

Let's tell politicians in our thousands they need to fix the banks for good.

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