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CBA hit with criminal charges over junk insurance

James Frost

Commonwealth Bank has been hit with 30 criminal charges for its false and misleading conduct in the sale of consumer credit insurance policies between 2011 and 2015.

Commonwealth Bank is facing a maximum penalty of $51 million. David Gray

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James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/cba-hit-with-criminal-charges-over-junk-insurance-20210916-p58s8r