Tuesday, 26 January 2010

FOMCA, Malaysia: consumer complaints against financial institutions up 30% in one year

The National Consumer Complaints Centre, operated by FOMCA, received 1,354 such complaints from Malaysian consumers in 2008, compared to 1,004 in 2007. In many cases excessive overdraft charges and other penalties from banks were forcing consumers into ever-spiralling levels of debt: http://tinyurl.com/ybwc7t2

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