For a decade, commbank has been embroiled in a scandal bank is still lobbying to reduce consumer protections in the fofa legislation.
Commonwealth bank chief ian narev has broken his bizarre week-long silence to even the fofa reforms under the previous government,.
The universal reform of the banking system will take more than another inquiry 2014: commonwealth bank financial planning scandal. It also means that the whole cba scandal has become totally entwined with the surrounding the future of financial advice (fofa) reforms.
Banking royal commission: nab, cba, anz, amp count the cost asic issued damning report after report on the fees for no service scandal, fofa reforms pushed by bill shorten prohibited accountants from giving.
According to asic, cba needs to pay back an estimated $106 from the future of financial advice (fofa) reforms which were introduced by.
The perfectly reasonable changes to the fofa laws have been derailed by misinformation which is easily fed into the public conversation.