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Recovery concerns flagged in CBA class action
Class Actions 2021-08-12 2:48 pm By Cindy Cameronne

The applicant in a class action on behalf of hundreds of thousands of Colonial First State Investments customers has raised concerns about whether he can […]

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CBA’s head of governance sues bank for threatening to ax her over complaints
Employment 2021-08-10 6:39 pm By Cindy Cameronne

Commonwealth Bank’s head of governance has hit her employer with a lawsuit claiming she was threatened with termination for making complaints that the governance team […]

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PwC can’t shut down class action against over $50M bond prospectus
Accounting 2021-08-09 8:57 pm By Cindy Cameronne

PricewaterhouseCoopers has lost its bid to shut down a class action launched by bondholders of collapsed asset finance lender Axsesstoday Limited over alleged misrepresentations in […]

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Judge wants to hear AUSTRAC class actions against CBA before he retires, literally
Class Actions 2021-08-06 11:17 pm By Cindy Cameronne

The judge overseeing class actions against Commonwealth Bank over its money laundering compliance failures has threatened to force the parties to go to trial by […]

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Banks fork over $1.86B to repay customers for bad behaviour
Financial Services 2021-08-05 10:05 pm By Sam Matthews

Six of Australia’s biggest financial services firms have paid or offered to pay a total of $1.86 billion to customers who were wrongly charged fees […]

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Feud over app notice in $7M CBA case could shift balance towards higher penalties
Financial Services 2021-07-29 4:08 pm By Miklos Bolza

A judge weighing a dispute between ASIC and the Commonwealth Bank over whether notice of a $7 million penalty should be sent out through the […]

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CBA class action applicant can’t share in group members’ privilege, court finds
Class Actions 2021-07-27 6:10 pm By Miklos Bolza

The lead applicant in a class action against CBA does not have the right to view fund management documents relevant to the case despite representing […]

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Full Court may decide critical question in superannuation class actions
Class Actions 2021-07-20 4:45 pm By Miklos Bolza

The lead applicant in a Maurice Blackburn-led class action against superannuation provider Colonial First State wants the Full Court to determine whether group members still […]

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Judge orders tweak to CBA insurance rort class action
Class Actions 2021-06-22 5:20 pm By Miklos Bolza

The lead applicants in a class action against two CBA units over allegedly excessive insurance premiums have been ordered to amend their pleadings to expand […]

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CBA warns of ‘danger’ in using app to alert customers to $7M penalty
Financial Services 2021-04-28 2:31 pm By Miklos Bolza

The Commonwealth Bank of Australia is resisting a novel proposal by ASIC to use its CommBank app to notify 6.3 million customers of a $7 […]

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