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Ex-CBA boss gets thumbs-up from industry bodies

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Australian Broker | 25 Nov 2013, 05:52 AM Agree 0
The heads of the key industry bodies are confident that ex-CBA boss David Murray is the right person to lead the biggest inquiry into the financial system in the best part of two decades.
  • Denise Brailey BFCSA (Inc) | 25 Nov 2013, 12:09 PM Agree 0
    The "Independent" Inquiry is not independent if David Murray - an ex Bank Chief is heading the Inquiry. Consumers wanted a retired High Court Judge or someone of similar integrity. Sadly, this will go down in history as an appalling appointment that Mr Murray ought not to have accepted for obvious and appropriate reasons. The mounting complaints regarding CBA of events a during Mr Murray's term is every reason why this Inquiry will lead to a Royal Commission into the Banking and Finance Sector. Consumers are fed up with the Boys' Club.

    If every Broker gave copies of the Loan Application Form (all pages and the service calculator) at the point of signing... that would stop Bank Fraud by assessors as we have discovered, dead in its tracks. A simple solution. Its hard to see Mr Murray coming up with that idea to protect consumers, and we know why.
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