Sentences with phrase «increased financial penalties»

The increased financial penalties alone, not to mention the extra responsibilities for data processors / controllers,...

The Department may shut down a business by ordering the cessation of unlicensed or uninsured activities, and increases financial penalties for violations.

Not exact matches

Included in the IDA's proposal was a requirement for CEOs and CFOs to personally sign off on company financial statements, and «increase the penalties of criminal liability and obstruction of justice» for securities fraud.

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.

There is also legislation increasing existing penalties for «sextortion,» which involves forcing another individual to engage in sexual conduct by threatening their health, safety, business, career, financial condition or reputation.

«Medicare's current plan to increase penalties through the HAC Reduction Program does not address these concerns, and may in fact exacerbate the problem since hospitals with high HAC rates will face even greater financial pressure to engage in upcoding,» the researchers write.

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

Meanwhile, Rep. Leach introduced legislation, which was signed by Governor Ducey last month, that will limit financial penalties for utilities who fail to meet renewable energy standards if voters decide to increase them in November.

But now, in a step to counter the illicit incentives of illegal hunting, the Kenyan parliament this week approved to significantly increase the penalties for poachers caught robbing the nation's most precious natural heritage for their own financial gain.

To support enforcement of the Employment Standards Act (ESA) and Employment Protection for Foreign Nationals Act (EPFNA) under Bill 148, Fair Workplaces, Better Jobs Act, 2017, the Ontario Ministry of Labour is proposing that the financial penalties for contravening the ESA and EPFNA should increase to create a greater deterrent to non-compliance.

In - house departments are also paying an increasing amount of scrutiny to the diversity of their legal teams, with HP, Microsoft and Paypal all demanding to see less homogenous external legal teams, with those that do not change potentially facing financial penalties.

Perceived low financial penalties are in part the drive for the impending European General Data Protection Regulation (GDPR), which increases maximum fines to $ 20 million or 4 % of global turnover.

Particularly, it has recommended that «the Government substantially increase the penalties available to employment tribunals to award against employers, including the financial penalties.

While some violations would lead to an increase in auto insurance premiums for drivers, they now can also lead to serious financial penalties paid to the state for a period of years.

New disclosures related to the mortgage process (TILA / RESPA Integrated Disclosure or TRID), including financial penalties for technical violations, have increased the reluctance of many financial institutions to offer mortgage products or retain mortgages on their balance sheet.