Australian States On Watch for School Banking Programs Following ASIC's Review
Australian States On Watch for School Banking Programs Following ASIC’s Review The Australian Securities and Investment Commission (ASIC) has said there is no solid evidence showing that school banking programs have helped children develop long-term saving habits. In a report, released on Dec 15, ASIC said that its two-year review into school banking programs has demonstrated that school banking programs have exposed vulnerable young children to sophisticated marketing tactics and disguised the provider’s true intention. “School banking program providers fail to effectively disclose th...
Source: theepochtimes.com