New consumer association seeks to level playing field with big corporations

- Tuesday, November 15, 2011

New consumer association seeks to level playing field with big corporations

Local foundation Chile Ciudadano has announced a new association called Bankus, created to provide consumer protection in the financial services industries, Radio Universidad de Chile reported the foundation's director, Tomás Fabres, as saying.

Bankus aims to find a balance between companies and consumers in a context where "the current legal resources are insufficient to meet the needs" of the country's financial services clients, especially in the insurance and banking industries, he said.

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