The Morrison government is being urged to force the big banks to help fund a doubling of financial counselling services across the country over the next four years.
A review, recommended by this year's banking royal commission, has recommended that initial contributions of $20 million this financial year should come from the four big commercial banks through a voluntary arrangement.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
