‘They can see I’ve a gambling problem’: Banks’ lending practices laid bare at royal commision – The Guardian

The anguish on Michael Harriss face said it all. The British-born roofer broke down this week when he appeared as a witness at the banking royal commission. In between deep breaths, Harris told commissioner Kenneth Hayne how he had amassed a $35,000 credit card debt with the Commonwealth Bank, and how his attempts to get…

Banking royal commission: CBA peppered problem gambler with credit offers – The Australian Financial Review

Commonwealth Bank gave a roofer making $70,000 a year credit cards and increased his credit limit to $35,000 despite knowing he was a gambling addict, the Hayne royal commission heard on Thursday. On the second last day of scheduled hearings focusing on the subject of consumer credit, the royal commission heard the story of David…