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Commonwealth Bank, Westpac’s BT face potential class actions over insurance ‘rort’
Class Actions 2020-07-31 4:16 pm By Christine Caulfield

Shine Lawyers is investigating two new class actions against Commonwealth Bank of Australia and Westpac’s BT Funds Management over allegedly excessive insurance premiums, a week […]

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CBA unit admits to misleading calls in ASIC case over MySuper accounts
Financial Services 2020-07-22 4:13 pm By Alison Eveleigh

Commonwealth Bank’s wealth management unit Colonial First State has admitted misleading conduct in certain calls to superannuation members, but has otherwise denied claims by the […]

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CBA won’t hand over docs to class action without AUSTRAC’s blessing
Class Actions 2020-07-08 9:24 pm By Miklos Bolza

The Commonwealth Bank of Australia has refused to provide sought-after documents to the lead applicants of a joint class action against it until AUSTRAC grants […]

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Ex-Beem It boss sacked for blowing whistle on CBA conflicts over proposed sale, suit says
Employment 2020-06-25 11:00 am By Christine Caulfield

The former CEO of Commonwealth Bank subsidiary Beem It was dismissed for blowing the whistle on multiple conflicts of interest by directors of the digital […]

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ASIC takes action against CBA over banned super payments
Financial Services 2020-06-23 3:51 pm By Alison Eveleigh

The Australian Securities and Investment Commission has launched proceedings against the Commonwealth Bank of Australia and its subsidiary Colonial First State Investments over the alleged […]

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Former Beem It boss drops lawsuit against payments fintech, CBA
Employment 2020-06-12 12:49 pm By Christine Caulfield

The former CEO of Beem It has discontinued her legal claims against the payments fintech and its co-owner, Commonwealth Bank of Australia, only days after […]

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Commonwealth Bank faces class action over ‘junk’ insurance
Class Actions 2020-06-10 8:52 am By Cat Fredenburgh

The Commonwealth Bank of Australia has become the latest Big Four bank to be hit with a class action over the sales of allegedly worthless […]

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CBA hit with $5M penalty for overcharging customers
Financial Services 2020-06-05 4:05 pm By Cat Fredenburgh

A judge has approved a $5 million penalty against the Commonwealth Bank of Australia for overcharging customers $8 million in fees and interest on its […]

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Ex-Beem It boss takes fintech, CBA to court
Employment 2020-06-04 1:42 pm By Christine Caulfield

Commonwealth Bank of Australia and Beem It are facing an employment lawsuit by the former CEO of the payments fintech, but details of the case […]

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ASIC’s proposed $5M penalty against CBA ‘on the light side’, judge says
Financial Services 2020-06-04 12:33 pm By Miklos Bolza

A judge has questioned ASIC’s proposed $5 million penalty against the Commonwealth Bank of Australia, saying it was “on the light side” for the bank’s […]

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