Sunday, February 18, 2018

Banking on the truth*

Many complaints are being raised about the arbitrariness of the fees charged by banks and the lack of transparency in their dealings with customers. An ancillary question arises as to what extent banks make comprehensive disclosure in their loan transactions and the full consequences for borrowers.
It may therefore be necessary for banks and other financial institutions to be more open and forthcoming with the result that the borrower will be empowered to compare choices and options available to him/her and make more rational loan decisions.

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