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ABC News
ABC News
Business
Michael Janda

Live: Mainstream financial 'exclusion' leads some Indigenous consumers to 'predatory' loans

The banking royal commission hears how Aboriginal and Torres Strait Islander customers are driven to "predatory" loans and other unsuitable financial products through "financial exclusion" and pressure selling tactics.

Earlier in the day, it heard how Rural Bank was warned of a "systemic failure" to monitor existing loans in the "aggressive" pursuit of new business.

Follow the live blog for the latest.

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