Labor pushes for fresh CBA probe

By Mitchell Neems and AAP

Labor will push for a further investigation into Commonwealth Bank of Australia's financial planning arm in a bid to tie the ongoing scandal to the government's Freedom of Financial Advice amendments. "The opposition will establish a fresh Senate inquiry into how thousands of Commonwealth Bank customers lost their savings and whether the Abbott Government’s weakening of consumer protections will place investors at greater risk," Opposition Leader Bill Shorten said. "What occurred at the Commonwealth Bank is a scandal of shocking proportions – and it should never be allowed to occur again.

Read more here: Business Spectator


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