CBA Archives - The Industry Spread

ASIC Commences Proceedings Against CBA over the Credit Services Provided to Problem Gambler – Royal Commission Case Study

March 17, 2020

ASIC has commenced proceedings in the Federal Court against Commonwealth Bank of Australia (CBA) for alleged contraventions of the responsible lending provisions of the National Consumer Credit Protection Act 2009 …

ASIC Releases Final Report on CBA’s Compliance With Financial Advice Licence Conditions

April 13, 2019

ASIC had imposed additional conditions on the Australian financial services (AFS) licences of CBA’s Commonwealth Financial Planning Ltd and Financial Wisdom Ltd with the consent of the licensees in August 2014, and appointed KordaMentha Forensic as the independent expert to monitor the licensees’ compliance with the additional licence conditions.