Complaints against banks hit record high

COMPLAINTS of harassment by banks and other institutions, mortgage arrears disputes, loan repayments and suspect insurance deals have reached their highest level ever recorded.

Complaints against banks hit record high

Financial Services Ombudsman William Prasifka has confirmed last month saw the most complaints ever sent to the independent watchdog by people claiming to be the victims of heavy-handed bank tactics.

While the exact figure has not been revealed, Mr Prasifka said it is the highest monthly rate since the ombudsman’s office was established in April 2005, and follows a February level higher than any month last year.

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