Banks should snoop on customers' spending habits to spot mental health issues, says charity

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Many people who have been diagnosed with a mental health issue also carry large debts thanks to overspending

Banks should be given greater power to use their customers’ data to identify people who may be struggling with their mental health, a leading think-tank has said.

 

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Yup to cheer themselves up.

This isn't anything new. It has bn a widely accepted that those w/ mental health issues have debt, & those that have debt have mental health issues.

See where it's heading yet? Just wait until the cashless society. report released by the Money & Mental Health Policy Institute, recommends that banks should be able to monitor transactions & intervene in cases where they believe a customer is making poor financial decisions.

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