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ASIC report reveals school banking programs are a marketing ploy to gain new customers and not teaching kids responsible saving habits – NEWS.com.au
ASIC report reveals school banking programs are a marketing ploy to gain new customers and not teaching kids responsible saving habits
A damning report by the corporate regulator has found school banking programs are providing little benefit to students and are a marketing ploy to attract kids to open bank accounts.The Australian Securities and Investments Commission’s report into school finance programs offered by banks found they were providing little to no long-term education in teaching children responsible saving habits.
Academic research included in the report highlighted concerning behaviour that the programs were being…
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