Tell your MP to fix the banks
The Banking Royal Commission will soon come to a close – but our campaign to fix the banks is just beginning. Here's what you can ask your Member of Parliament to do:
Self-regulation has failed. Stop letting financial institutions write their own rules and police their own industry.
Provide regulators with the tools they need to do their jobs. This means bigger fines for banks, more resources to take banks to court and a wider range of options to deal with badly behaved banks.
End bonuses and commissions which reward aggressive selling above meeting people’s needs.
Establish a scheme to compensate people who lose everything because of poor advice or mismanagement.