Sentences with phrase «fines against the banks»

The money could also be used to hire attorneys to bring enforcement actions and fines against the banks for lack of compliance.

His office also secured big fines against banks, as well as a record penalty and guilty plea from BNP Paribas.

Not exact matches

Notable wins for the CFPB include its $ 100 million fine against Wells Fargo Bank last year for its practice of opening unauthorized deposit accounts and credit cards.

Rep. Gregory Meeks, a New York Democrat, said Wells Fargo had a «culture of being fined and losing money for the bank» and held up a chart showing all of the fines and judgments that had gone against the bank since Stumpf became CEO.

Fines and penalties against Wells Fargo Bank for their bad acts against their customers and others will not be dropped, as has incorrectly been reported, but will be pursued and, if anything, substantially increased.

The Commodity Futures Trading Commission is still negotiating with the bank, the people said, and is expected to levy additional fines against JPMorgan later this year.

Many of the rules are designed to protect customers against abuses or help banks avoid big fines from authorities.

While the SEC has levied fines against several banks over Magnetar deals, it has never taken any action against the hedge fund.

The Consumer Financial Protection Bureau is levying a $ 1 billion fine against Wells Fargo as punishment for the banking giant's actions in its mortgage and auto loan businesses.

If most people know about this agency at all, it's for some high - profile sanctions to big banks, like the $ 100 million fine it levelled against Wells - Fargo last year for opening more than a million new accounts without authorization from the account - holders.

And another one of the «Too Big To Fail» banks was slapped with a huge fine for discrimination against minority borrowers.

Any person who creates or originates United States money by lending against deposits, through so - called fractional reserve banking, or by any other means, after the effective date shall be fined under title 18, United States Code, imprisoned for not more than 5 years, or both.

The FHA began developing a loan defect taxonomy several years ago in response to the False Claims Act litigation the Justice Department filed against FHA lenders, which resulted in large fines and prompted many banks to exit the FHA single - family mortgage program.

«AIDS, A Community in Crisis,» Jamaica Arts Center, Jamaica, NY, 1991 «Language: Body and Dream,» PS 122, New York, NY, 1991 «1991 Biennial Exhibition,» Whitney Museum of American Art, New York, NY, 1991; catalogue «We Interrupt Your Regularly Scheduled Programming,» White Columns, New York, NY, 1991 «Interrogating Identity, Grey Art Gallery and Study Center,» New York, NY 1991; traveled to the Museum of Fine Arts, Boston, MA; Walker Art Center, Minneapolis, MN; Madison Art Center, WI; Center for the Fine Arts, Miami, FL; Allen Memorial Art Museum, Oberlin College, Oberlin, OH; catalogue «Positions of Authority,» Art in General, New York, NY, 1991 «Color Theory,» Amelie A Wallace Gallery, State University of New York at Old Westbury, Old Westbury, NY, 1991 «Text Out of Context,» SoHo Center, New York, NY, 1991 «New Work,» PS 122, New York, NY, 1991 «Spent: Currency, Security and Art on Deposit,» The New Museum of Contemporary Art at Marine Midland Bank, New York, NY, 1991 «Works on Paper,» Selena Art Gallery,» Long Island University, Brooklyn, NY, 1991 «Rutgers National «90: Works on Paper, Stedman Art Gallery,» Camden, NJ, 1991; brochure «Art of Resistance,» El Bohio, New York Public Mirror, Art against Racism, The Clocktower Gallery, New York, NY, 1991

The Consumer Financial Protection Bureau is levying a $ 1 billion fine against Wells Fargo as punishment for the banking giant's actions in its mortgage and auto loan businesses.

Andy McGregor, banking litigation partner at RPC, says: «The banks will have been negotiating with the regulator for months trying to come to a settlement to reduce the size of their fine, but also trying to limit the extent to which the FCA's final penalty notice includes any admissions or evidence that could be used against them in a potential civil claim in the future.

If no alleged perpetrators of fraud at major companies or banks end up being sent to prison, then the mere payment of large fines is a distinctly Pyrrhic victory in the long - term battle against fraud.

On 9 February 2017 the PRA issued its Final Notice in respect of its investigation against The Bank of Tokyo - Mitsubishi UFJ Limited («BTMU») and MUFG Securities EMEA plc («MUS (EMEA)») which imposed financial penalties of # 17.85 m against BTMU and a fine of # 8.925 m against MUS (EMEA) for failing to be open and cooperative with the PRA in relation to enforcement action into BTMU by the New York Department of Financial Services («DFS»).

Robinson says that the main gripe within the industry is that banks are blocking the creation of new accounts for money remittances, possibly in the wake of the # 1.2 billion fine levied against HSBC last year over anti-money laundering failures.

The local towns levy fines, code violations and other fees against the bank.