Kim So-young, longest-serving FSC Vice Chairman, to retire after 3-year term, leaving legacy of capital market reforms and youth financial initiatives
#YonhapInfomax #FinancialServicesCommission #KimSoYoung #YouthLeapAccount #CapitalMarketAdvancement #BankingReform #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=63264

Who Controls Our Money? The Truth Behind Bank Debt
#BankingReform, #DebtFreeMoney, #MonetarySovereignty, #SocialJusticeAustralia

Who controls our money? Discover how private banks create debt-based money and what Australia must do to reclaim monetary sovereignty. Learn the hidden truth.

https://socialjusticeaustralia.com.au/who-controls-our-money/

@jkn Yes, I think that's the unfortunate reality of mainstream centralized financial instruments. They can use everything, including their biases and beliefs about your ethnicity, to freeze the funds you have contributed for many years. You have the right to take action and seek legal advice regarding their freezing of your funds, which is happening solely for one reason that they are questioning. #BankingDiscrimination #FinancialRacism #FrozenFunds #EthnicBias #UnfreezeMyMoney #LegalAction #BankAccountLock #FinancialJustice #SystemicBias #EconomicRights #FundsHostage #BankingReform #DiscriminatoryPractices #FinancialInclusion #AccountFreeze #BankingWhileBrown #ClassAction #ConsumerProtection #DefundBias #BankTransparency

How Deregulation Sold Australia’s Wealth
#AusPol, #BankingReform, #EconomicSovereignty, #PublicMoney

Discover how banking deregulation and foreign capital flows drained Australia’s wealth and sovereignty—and what we can do to reclaim it.

https://socialjusticeaustralia.com.au/deregulation-sold-australias-wealth/

Australia's banking system is rigged in favor of the big banks, leading to record profits for them while everyday Aussies struggle with rising interest rates and mortgage repayments. The lack of competition in the banking sector allows banks to pass on costs to borrowers without sharing the benefits with savers, resulting in a massive transfer of wealth from the average punter to bank CEOs and shareholders
#BigBankProfits #AussieMortgageCrisis #BankingReform #InterestRateHikes
#RiggedBankingSystem #WealthTransfer #CostOfLivingCrisis #BankingCompetition
#CorporateGreed #CBA #westpac #NAB #ANZ

https://www.youtube.com/watch?v=ikOoNMTSH1c

Tsunami of financial distress: a sad indictment of society. Banks' lenient lending during record-low interest rates has led to today's #mortgagecrisis. They knew it was unsustainable once rates rose. #FinancialCrisis #MortgageCrisis #BankingReform #ausecon #auseconomy #auspol #bankingroyalcommission

https://www.smh.com.au/national/nsw/tsunami-of-financial-distress-a-sad-indictment-of-society-20240708-p5jruw.html

Rising rent? Mega mortgage? Cozzielivs? 'Hardship' help hard to get, as banks fail to help those who need it.

A recent #ASIC report reveals that lenders' hardship processes are so challenging that many struggling customers give up. Mortgage hardship notices surged by 54% in the last three months of 2023 compared to the same period in 2022.

ASIC criticises banks for not complying with legal obligations to assist customers, as rising interest rates, soaring rents, and living costs push more borrowers into financial trouble.

ASIC plans further legal action against non-compliant lenders. #FinancialHardship #ASIC #BankingReform #ausecon #auseconomy #banks
https://www.abc.net.au/news/2024-05-20/hardship-help-hard-to-get-as-banks-fail-to-help-those-in-need/103860130

Addressing an $8 cap on late fees the Biden Admin initiated, Neil Bradley of the US Chamber of Commerce said that such regulation “to micromanage how private businesses set prices will have the same result: shortages, fewer choices for consumers, a weaker economy, and less jobs.” 

A dismal scenario indeed. On a different tack, how does he feel about the onset of fascism? No comment?

#2024election #jobcreators #capitalism #regulation #bankingreform #inequality

@uspolitics
Oh SNAP! It's great to see #Fetterman back, afflicting the comfortable. And he's rockin' that suit and reading glasses! #NotTooBigToFail #BankingCrisis #BankingReform

@Keev @kottke @marcprecipice

My point being that big-money #ransomware attacks are completely non-existent without #cryptocurrency. ( #BankingReform is another problem.)

One thing that leads to higher costs of ALL services (incl banking, medical, utilities, retail, etc) is #cybercrime and ransomware attacks. Some companies & govt entities are now planning the expected cost of paying ransoms into their budgets.

#Crypto is also used to move criminals' finances and to just rip off people.

Without more regulation, #crypto will continue to be more negative than positive in our society.

#Cryptocrime #CryptoCurrencyRegulation #CryptoScams #CyberAttacks

https://www.npr.org/2021/06/10/1004874311/how-bitcoin-has-fueled-ransomware-attacks