EFF calls for probe into 'racism by banks' after television exposé

The EFF has called for a judicial commission of inquiry with financial forensic capacity  into alleged discriminatory practices by banks against black people.

This follows revelations of alleged racism against black homeowners by FNB that were broadcast on Sunday by the SABC's Special Assignment. Black homeowners featured on the programme claimed that they were charged higher interest rates than their white counterparts for home loans.

"The scope and mandate of the commission of inquiry should include the withdrawal of banking licences of banks that discriminate on the basis of race.

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