Sentences with phrase «financial penalties as»

Failure to provide evidence of Financial Responsibility requested by a law enforcement officer investigating an accident or during a traffic stop can result in financial penalties as follows:

One of the mysteries surrounding the upcoming presidential inauguration is that of why the various celebrities who have refused to perform for the Commander in Chief have not been subject to the same brutal legal and financial penalties as those humble small business owners who have declined to bake cakes for gay weddings.

Not exact matches

The company had to halt operations on Feb. 10 after it was hit with financial penalties for operating as an Internet - based tech platform rather than as a transportation company, which Taiwanese authorities have said was a misrepresentation of its business.

But don't think $ 5 billion is the total penalties Goldman has accumulated as a result of the financial crisis.

Several of those groups, including the National Restaurant Association, the Retail Industry Leaders Association and the Food Marketing Institute, had been fighting hard for what they referred to as «transition relief,» extra time for companies that must provide health insurance to their workers under the new law to implement the changes without having to fear financial penalties for not doing so properly.

Many other financial advisors recommend similar approaches to emergency funds, such as investing in bond funds or using a Roth IRA, which allows you to withdraw contributions without tax penalties.

The official added that actors creating financial pyramids or issuing cryptocurrencies as a way to avoid paying taxes would also be subject to criminal penalties.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevaFinancial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevafinancial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

According to Le Monde, France's State Council of taxation has announced a severe lowering of financial penalties on gains from cryptocurrencies such as bitcoin.

The Enrollment Program also authorizes a superior court to have jurisdiction over enrollees by allowing it to «appoint a receiver, monitor, conservator, or other designated fiduciary or officer of the court for a defendant or the defendant's assets,» as well as authorizes the Commissioner of Business Oversight to «include in civil actions claims for ancillary relief, including restitution and disgorgement, on behalf of a person injured, as well as attorney's fees and costs, and civil penalties of up to $ 25,000» for up to four years after the purported violation occurred and «refer evidence regarding violations of the bill's provisions to the Attorney General, the Financial Crimes Enforcement Network of the United States Department of the Treasury, or the district attorney of the county in which the violation occurred, who would be authorized, with or without this type of a reference, to institute appropriate proceedings.»

There would be significant financial penalties were Facebook to ignore that consent decree so as I'm hearing this meeting go back and forth — I for one think it was beneficial, it's good I don't think we need more regulation and legislation now and I want to congratulate you I think on doing a good job here today and presenting your case and we now know thing's we didn't know beforehand, so thank you again.»

$ 2.0 billion as a civil penalty under the Financial Institutions Reform, Recovery, and Enforcement Act («FIRREA»);

As regulators seek to impose a $ 1 billion penalty on Wells Fargo over mortgage fees and car insurance, the bank said on Friday (April 13) that its first - quarter earnings are subject to change, The Financial Times reported.

The Financial Crimes Enforcement Network (FinCEN), working in coordination with the U.S. Attorney's Office for the Northern District of California (USAO - NDCA), assessed a $ 700,000 civil money penalty recently against Ripple Labs Inc. and its whollyowned subsidiary, XRP II, LLC (formerly known as XRP Fund II, LLC).

Pharmaceutical manufacturers are under immense pressure to protect consumers and patients from incorrectly manufactured drugs, medicines and medical devices, as well as protect themselves from the severe legal and financial penalties of supplying faulty products.

National courts sentenced fraudsters to a cumulative 125 years» imprisonment during 2010 and imposed financial penalties amounting to nearly $ 1.47 billion as a result of OLAF's cases.

The NCA letter dated February 4, 2016, observed with concern and displeasure the continuous failure on the part of Glo Mobile Ghana to meet its financial obligations to the Authority with respect to invoices on «Surrender Portion for international incoming Traffic «as per the Electronic Communications (Amendment) Act, 2009, Act 786, international Gateway Renewal License, Regulatory Fees, Annual Fee for usage of Microwave Link frequencies and penalties for QoS infractions indebtedness to the NCA.

Federal prosecutors have backed off a request to make Silver forfeit his Lower East Side co-ops and his upstate home as part of the financial penalties.

The changes placed greater emphasis on student test scores as a component of evaluations and established financial penalties for any school districts that did not comply.

As a result, the 2005 Energy Policy Act gave [the Federal Energy Regulatory Commission] the ability to regulate reliability, and now they have mandatory reliability standards with financial penalties for noncompliance.

Hospitals nationwide are seeking to improve physicians» communication with patients, especially as they face financial penalties for readmissions.

As well as the potential financial penalties (the ICO has issued fines totally over # 2.67 m since 2010), the loss of trust and negative publicity can be ruinous to reputation and seriously undermine public confidencAs well as the potential financial penalties (the ICO has issued fines totally over # 2.67 m since 2010), the loss of trust and negative publicity can be ruinous to reputation and seriously undermine public confidencas the potential financial penalties (the ICO has issued fines totally over # 2.67 m since 2010), the loss of trust and negative publicity can be ruinous to reputation and seriously undermine public confidence.

Other states have laws that protect parents» right to opt their children out or refuse high - stakes standardized testing and no federal financial penalties of any sort have been imposed on schools in those states as a result of these laws.

The proceeds from the collection of certification fees, fines, penalties, and costs levied pursuant to this chapter shall be remitted by the Department of Education to the Chief Financial Officer for deposit into a separate fund to be known as the «Educational Certification and Service Trust Fund» and disbursed for the payment of expenses incurred by the Educational Practices Commission and in the printing of forms and bulletins and the issuing of certificates, upon vouchers approved by the department.

As previously reported, the department has decided they will not impose the severe financial penalties on California school districts that used incorrect guidance from the state that may have resulted in districts over-identifying some ethnic groups and some disability categories as special needs studentAs previously reported, the department has decided they will not impose the severe financial penalties on California school districts that used incorrect guidance from the state that may have resulted in districts over-identifying some ethnic groups and some disability categories as special needs studentas special needs students.

As is its custom, Lincoln has priced the MKZ Hybrid at the same entry - level point as the base gas - powered version of the car, which means there's no financial penalty to pay for going greeAs is its custom, Lincoln has priced the MKZ Hybrid at the same entry - level point as the base gas - powered version of the car, which means there's no financial penalty to pay for going greeas the base gas - powered version of the car, which means there's no financial penalty to pay for going green.

Obtaining auto financing for bad - credit customers is not as difficult as one might expect, but bad credit auto financing exacts a financial penalty in the form of high interest rates or the requirement of a large down payment, or both.

If you are unable to pay off the monthly bill, then the penalty exp enses and financial repercussions, such as negative credit marks, most likely outweigh any cash back return on your purchases.

For the financial year 2017, the lowest tax bracket is $ 9,325, so I would withdraw only $ 9,325 annually to pay as little taxes as possible and the withdrawal penalty.

Some broker / dealers and financial professionals may refer to the 10 % federal income tax penalty as an «additional tax» or «additional income tax,» or use the terms interchangeably when discussing withdrawals taken prior to age 59 1/2.

When banks were the main providers of credit, the financial stability mandate of central banks could be summarised as their lender of last resort function: in times of crisis, lend freely, at a penalty rate and against collateral that would be good in normal times but may be impaired in times of crisis.

If your financial emergency somehow clears up far sooner than you anticipated and no longer want to be stuck in a loan contract, then you can pay off your loan as quickly as you would like since LoanMart charges absolutely no prepayment penalties.

Sir, I've not been able to file ITR for the financial year 2014 - 15 due to certain reasons — laziness, lack of time, etc... well, it seems to me that I won't be able to do the needful by the 31st of March 2016 as well... Apart from my business income (does not need audit), I have income from other sources, such as House rent, Shop rent, etc... totaling around 4.5 lacs... What if I file ITR for financial year 2014 - 15 after 31st March 2016, say in May, July or Nov 2016... would I be liable for penalty (Rs. 5000) apart from interest on tax amount!?

Missing out on payments should always be avoided as it may lead to financial penalties being levied on you, especially if your loan is sent to a collection agency.

If you have an emergency fund (and that is a very prudent thing to do) you should not eat into this as if an emergency arises you will run the risk of not being able to make a payment and probably suffer a financial penalty.

Borrower is responsible for paying other financial institution fees and charges related to the existing loan (for example, payoff demand statement fee and / or a re-conveyance fee) as well as any prepayment penalty imposed by that lender.

Gahler, of Austin, Texas - based Gahler Financial, adds that most tax - advantaged accounts, such as IRAs, do not allow investors to access funds prior to the age of 59 1/2 without a 10 percent penalty.

As I see it, the TFSA encourages investing for long - term growth not only by saving taxes on investment, but also by not penalizing early withdrawls to address short - term financial hardship without penalty.

As a result of not paying their credit card bills for months, credit card companies add fees and penalties to consumers» credit card balances and often even begin collection efforts to recoup the debt, all of which puts the consumers in a worse financial situation.

As a result, consumers suffer great financial harm and can be subject to increased penalties and lawsuits.

As with any financial decision with tax, penalty and other financial implications it is important to understand what is involved, how it applies to your situation and what the ramifications may be.

If your financial emergency clears up sooner than you expected you can pay off your loan as quickly as you would like since LoanMart charges absolutely no prepayment penalties.

Financial analysts believe the Rule of 78, also known as «pre-computed loans» is unfair to consumers because it penalizes anyone who pays off a loan early, though the penalty is really not that severe.

An employer who distributes forms with false information — such as an incorrect employee tax identification number, or incorrect reporting of wages paid or taxes withheld — is subject to financial penalties.

And if brokers were held to the same standard as doctors or lawyers, critics say, fewer would be cleared of wrongdoing by the Financial Industry Regulatory Authority, or FINRA, an industry - funded group that oversees arbitrations and can impose fines and other penalties.

Individual Retirement Accounts are managed by any number of various financial institutions and as such those institutions may impose account management fees or early termination penalties which should be understood before opening an account.

Cybersecurity breaches may cause disruptions and impact each Fund's business operations, potentially resulting in financial losses; interference with each Fund's ability to calculate its NAV; impediments to trading; the inability of each Fund, the adviser, and other service providers to transact business; violations of applicable privacy and other laws; regulatory fines, penalties, reputational damage, reimbursement or other compensation costs, or additional compliance costs; as well as the inadvertent release of confidential information.

As a result, credit card companies add fees and penalties to consumers credit card balances and often even begin collection efforts to recoup the debt, all of which puts the consumers in a worse financial situation.

Because I was so uninformed as a student borrower, Achieve Lending also seeks to empower consumers by providing financial education on terminology used within the loan shopping process, such as repayment schedules, penalties, forbearance and other benefits of certain loan products.

The cost of capital in a financial crisis is exceptionally high as a result — if the taxpayers are seeing their credit be used for semi-private purposes, they had better receive a very high penalty rate for the financing.