Spread onto bottom of rimmed baking sheet sprayed with cooking spray.
Bake 8 to 10 min. or until golden brown, stirring after 5 min. Cool.
Beat pudding mixes and milk in medium bowl with whisk 2 min. (Pudding will be thick.) Stir in 1 cup COOL WHIP.
Layer 1/3 of the crumb mixture and half each of the bananas and pudding in 2-qt. bowl; repeat layers.
Beat cream cheese and granulated sugar in medium bowl with mixer until blended. Gently stir in 1 cup of the remaining COOL WHIP; spread over top of dessert, sealing to edge of bowl.
Sprinkle with remaining crumb mixture. Refrigerate 3 hours.
Serve topped with remaining COOL WHIP and whole wafers.