A crucial federal government frontbencher has actually taken a swipe at Commonwealth Bank over its choice to punch countless consumers with $3 money withdrawal costs.
Australia’s largest financial institution revealed the out of favor go on Monday to reaction from consumers and all fields.
On Wednesday, Housing and Homelessness Minister Clare O’Neil claimed the modification was unfair or prompt.
“I just think the government feels this is really unfair to customers, to Australians, especially just before Christmas,” she informed Sunrise.
“Everyone’s had a bit of a tough year on the cost-of-living front and last thing they need is a kick in the guts from the Commonwealth Bank right before Christmas.”
Ms O’Neil claimed it “doesn’t seem fair or appropriate” provided the financial institution has actually published “huge profits” throughout a duration when most Australians are having a hard time.
“Come on, guys. It’s Christmas. We don’t need this right now,” she claimed.
“This is not something the bank should be doing and we’re asking them to reconsider.”
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