Banks put family violence perpetrators on notice. Stop using accounts to commit abuse or risk being ‘debanked’

Mon, 31 Jul 2023 12:14:51 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://theconversation.com/banks-put-family-violence-perpetrators-on-notice-stop-using-accounts-to-commit-abuse-or-risk-being-debanked-208575>

"Ella never knew when her credit card was going to be declined.

It happened when she was shopping for groceries with her kids, or refuelling
the car. That’s when she would discover her partner had cancelled the card or
lowered the limit so she couldn’t buy essentials. Again.

Ella (not her real name) is one of about 1.6 million Australian women and
745,000 men who have experienced economic or financial abuse.

Perpetrators of such abuse use money to control their victims, with devastating
impact including stopping or limiting access to money, creating insurmountable
debt and damaging a credit history.

The direct costs to victim-survivors of financial abuse have been estimated at
A$5.7 billion a year, with impact on the economy estimated at A$5.2 billion a
year."

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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