Stop the Commonwealth Bank lying to & stealing from pensioners through Reverse Mortgages!!

Stop the Commonwealth Bank lying to & stealing from pensioners through Reverse Mortgages!!

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The CBA tells pensioners that their Reverse Mortgages have NO repayments until their estate settles, and then immediately start taking repayments out of the principal of the loan which means that you end up paying compound interest - paying interest on the repayments taken out of the loan - which they promote as non-existent - but only to get your business in the first place!

The people they are ripping off are the oldest and most needy of our pensioners - cash poor and desperate. I am carer for a lady of 89 and know exactly the details of the CBA's wrong-doing. She doesn't need this distress and worry.

Stealing from these elderly people is wrong, immoral and deceitful - and not considered as important enough by the Royal Commission into banking! Please help call the CBA out on this deceit.

0 have signed. Let’s get to 100!
At 100 signatures, this petition is more likely to be featured in recommendations!