Letter: Shame on the greedy banks

IT IS welcome news that profit-mad and greedy banks are facing a clampdown on the way they lend huge wads of cash to the vulnerable.

It is a disgraceful state of affairs when someone is driven to take their own life in order to break free from a worrying mountain of debt - like student Lisa Taylor.

It's appalling that borrowers, in their hour of need, have to sign agreements which are a minefield of hidden costs and penalties accompanied by arm-twisting tactics to take out worthless payment protection schemes.

This does nothing but put you deeper into debt. It's time for the banks to realise they are dealing with human beings and not just facts and figures. If they don't take heed needless tragedies, like that of poor Lisa, will continue to their eternal shame.

Alan Simpson, Wallsend, Tyne & Wear

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