Trade unions want PM to stop banks ‘squeezing consumers’

Prime Minister Muhyiddin Yassin is urged to take stern action against any public or private organisation which inflicts suffering on the people. – The Malaysian Insight file pic, May 1, 2020.

THE Malaysian Trades Union Congress (MTUC) today demanded that the government intervened to stop banks from charging customers additional interest on their hire purchase loans should they take up the offer of a six-month moratorium on repayment.

MTUC secretary-general J.Solomon is up in arms over the Association of Banks in Malaysia (ABM) statement yesterday which stated that customers would not be charged additional interest if they paid the accumulated six months’ deferred payments together with their October instalment.

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  • Mak cik kiah tertipu

    Posted 6 months ago by S Shaf

  • Yalah, this is the voice of majority. Banks earn billion billion annually, how can they charge interest on the 6 months moratorium defered payment? Banks are real blood suckers. PM must ask bank to sacrifice a bit when everybody is earning very less, banks want to earn more. Real F....... the cruel financial institution.

    Posted 6 months ago by James Wong