In an unusual proposal, five debt collectors will settle a complaint with the federal consumer financial protection bureau by agreeing to be banned from the industry and pay fines and redress of $60 million. But […]
Four of the five federal financial institution regulators are named as in compliance with requirements that they report on inflation adjustments to civil money penalties (CMP), according to a Government Accountability Office (GAO) report issued […]
Six credit unions will pay just more than $5,000 in civil money penalties (CMPs) for filing late call reports for the end of 2018, according to agreements the credit unions reached with their federal regulator. […]
Penalties for filing late call reports for the third quarter of 2018 will be assessed to nine credit unions, the federal regulator of credit unions said Monday. The credit unions agreed to pay the civil […]
An increase in maximum civil money penalties (CMPs), including of up to more than $2 million in the top tier, up from about $1.9 million – will be published by the Federal Deposit Insurance Corp. (FDIC) […]
Flood insurance violations at two banks led to civil money penalties (CMPs) totaling more than $20,000 between them, according to enforcement actions for December released Friday by the federal insurer of bank deposits. The report […]
A final rule to implement a 2.5% increase in maximum civil money penalties (CMP) that may be assessed by the Consumer Financial Protection Bureau (CFPB) was signed Jan. 6 by agency Director Kathleen (“Kathy”) Kraninger […]
Five former directors of a Montana bank were fined $2,000 each – and the bank’s former president and board chairman $10,000 — for failing to take actions to correct issues outlined under a previous consent […]
Title: Civil Monetary Penalty Inflation Adjustment Subject: CMP Agency: NCUA Status: Final rule Summary: The NCUA Board is amending its regulations to adjust the maximum amount of each civil monetary penalty (CMP) within its jurisdiction […]
A 2.5% civil money penalty (CMP) inflation adjustment that took effect Jan. 1 is detailed in a bulletin issued Friday by the Office of the Comptroller of the Currency (OCC). Under the Federal Civil Penalties […]
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