Category Archives: Banking

Sam Dastyari says banks are building data profiles ‘from kids as young as five’

Labor senator says committee investigating credit card fees has been shown evidence banks are sending credit card offers to people as soon as they turn 18

The head of a parliamentary committee investigating credit card fees fears Australian children are being groomed by banks hoping to cash in on their spending later in life.

Labor’s Sam Dastyari said while children should have bank accounts, they should not be taught about finances by banking institutions.

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