Penalties and restitution totaling more than $160 million against Bank of America for assessments of allegedly illegal overdraft and insufficient funds fees were announced Tuesday by the regulator of national banks and the federal consumer […]
A $15 million civil money penalty (CMP) was assessed against a large San Francisco bank early last month for engaging in deceptive practices before it merged out of business, the regulator of national banks revealed […]
Payments of $20 million in penalties and in redress to consumers for deceptive sales practices was ordered against an Indiana firm described as a nonbank personal loan installment lender, the federal consumer financial protection agency […]
Nine directors of a failed New Orleans bank were either prohibited from ever serving again at a federally insured financial institution, assessed a civil money penalty (CMP) – or both, in one case – in […]
Restitution of at least $4 million, and a civil money penalty of $1 million, is being sought from a former credit union leader for causing a substantial loss to his institution, the federal credit union […]
Fines of nearly $98 million were assessed against the holding company of Wells Fargo bank Thursday for its “historical inadequate oversight of sanctions compliance risks” which resulted in more than $530 million in prohibited transactions […]
A fine of nearly $2.3 million has been levied against a New York bank for processing loans under a coronavirus pandemic recovery program despite signs that the applications contained “significant indications” of potential fraud, the […]
The maximum civil money penalty (CMP) will be $2.3 million in 2023, under a new annual schedule published Jan. 4, according to the Office of the Comptroller of the Currency (OCC) in a bulletin issued […]
Violations of real estate settlement procedures resulted in a $425,000 fine against an Oregon bank last month, according to enforcement actions issued Friday by the federal bank deposit insurance agency. The Federal Deposit Insurance Corp. […]
A remittance provider has been ordered to refund fees and pay a penalty after allegedly failing to provide refunds on thousands of transactions, the consumer financial protection agency said Thursday. The order against Servicio UniTeller, […]
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