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Fitch settles investor class action over credit ratings on toxic SCDOs
Exclusive July 19, 2019 10:56 am By Christine Caulfield

Fitch Ratings has agreed to settle the last of the investor class actions in Australia flowing from the global financial crisis, a court heard Friday. […]

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ASIC puts banks on notice after review shows ‘extremely poor value’ of credit insurance
Financial Services July 11, 2019 6:47 pm By Amelia Birnie

The corporate watchdog has warned “robust” enforcement action is on the cards for banks and lenders, after a review found consumer credit insurance policies to […]

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Law firms can push on with separate class actions against CBA under cooperation deal
Class Actions July 10, 2019 8:33 pm By Amelia Birnie

Rival law firms Maurice Blackburn and Phi Finney McDonald will be allowed to work together without consolidating their separate shareholder class actions against the Commonwealth […]

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Ex-CBA exec facing criminal charges ordered to hand over docs in US lawsuit
White Collar July 2, 2019 9:03 pm By Amelia Birnie

A former Commonwealth Bank executive facing criminal commercial bribery charges has been ordered to hand over a number of documents in a US lawsuit brought […]

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Commonwealth Bank agrees to enforceable undertaking after privacy breaches
Privacy & Cybersecurity June 27, 2019 9:49 pm By Christine Caulfield

The Commonwealth Bank must overhaul its privacy practices as part of a court-enforceable undertaking with the Australian Information Commissioner following two data breaches. As part […]

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Royal commission class actions pile up, with more on the way
Class Actions June 18, 2019 2:56 pm By Christine Caulfield

While no means a flood, the class actions filed in response to the shocking evidence of misbehaviour at last year’s banking royal commission have been […]

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