Banks Are Thieves

Banks are thieves – an irrefutable proposition. This website has been up since late 2007; all banks in Australia know of it, yet none has sought to challenge the assertion, let alone take legal action to have it taken down since they well know that the truth of the statement is invincible.

At the moment the major theft dealt with here is that of penalty fees, a form of fraud. It will not have escaped your attention that many banks have either done away with penalty fees altogether (eg. NAB), or markedly reduced them (e.g. CBA). However, all fees dating back 6 years can still be recouped.

Nicole Rich, Director of Policy and Campaigns at the Consumer Action Law Centre, Victoria, started running a campaign against banks’ penalty fees in 2004, and a large part of the credit for these results must go to her, as also to Choice magazine for their unfailing fight against the banks, and the media, particularly Channel 7’s Today Tonight and Channel 9’s A Current Affair. We at BanksAreThieves.org like to think that the 13 cases in which we have sued banks, with 13 wins, and the many people who have simply successfully demanded their fees back after reading our website, have also contributed to this outcome.

The next form of theft to be tackled will be that of bank loan “contracts” which are not, in many cases, actually any such thing, due to being invalid, or void, and which breach contract law, and are therefore unenforceable in any court in the country.

Banks and other financial institutions such as charge card companies, credit card issuers, building societies and all other non-bank lenders continually engage in many different types of fraud with their customers. This site will expose them all, and list them, and tell you how to escape from fraudulent so-called contracts, recoup any fees, charges and interest that should not have been charged, and if you wish to go further, how to sue the banks. In some cases, penalty fees being one such, exemplary damages on top of ordinary damages are available, since the offence is of a particular type, a Tort, in this case that of Fraudulent Misrepresentation. Should you wish our lawyers to sue on your behalf, either as part of a class action, or individually, we will be delighted to assist.