A fine of $172,500 was assessed against a Tennessee bank last month for failing to obtain or extend flood insurance coverage – up to 196 times – for loans it made, the federal insurer of […]
A cease-and-desist order against a former employee of a New York bank and a prohibition order against a former Texas banker were made public Thursday by the Federal Reserve. In a release, the Fed said […]
Alleged harassment of thousands of consumers and claims of falsely threatening them with legal action has earned an Anaheim, Calif., firm and its owner a permanent ban from the debt collection business, as well as […]
A penalty of $2.175 million must be paid by a Las Vegas, Nev., firm for violations of federal law regulating lending to members of the military, the Consumer Financial Protection Bureau (CFPB) said Dec. 30. […]
A $25 million civil money penalty, and a $10 million ding for consumer redress, was ordered against a bank and its student lending subsidiaries for violating previous orders, the federal consumer financial protection agency said […]
Providing erroneous consumer loan data to consumer reporting agencies over years at a time has earned a U.S. subsidiary of a Spanish bank a consent order from the federal consumer financial protection agency, which imposes […]
Two banks associated with the Morgan Stanley company face a $60 million civil money penalty (CMP) for the banks’ shortcomings in decommissioning two “wealth management” business data centers in the U.S. four years ago, the […]
A $400 million civil money penalty (CMP) against Citbank, N.A., of Sioux Falls, S.D., was announced late Wednesday by the federal regulator of national banks, along with an enforcement action against the bank’s New York-based […]
Mailing advertisements with false, misleading and inaccurate statements about guaranteed loans for veterans will cost a California company $150,000 in fines, the federal consumer financial protection agency said Friday. The civil money penalty announced by […]
TD Bank, N.A., (Cherry Hill, N.J.), will be required to pay some $97 million in restitution to 1.42 million consumers plus a $25 million civil money penalty under a settlement reached with the federal consumer […]
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