Sentences with phrase «serious financial penalties»

This will create major hardships not just for borrowers who suffer serious financial penalties for failure to repay, but for the taxpayers left with the bill.

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.

The potential for serious financial penalties means that breaches could pose a genuine risk to businesses, though many have been quick to stress that maximum fines will likely be rare.

And finally, although neither Finch nor Vallas have acknowledged the issue, Bridgeport is facing serious financial penalties and repercussions due to their failure to meet the State of Connecticut's minimum expenditure requirement law.

This is an especially egregious lie, given that employers are legally liable and can suffer serious financial penalties for falsely passing off employees as being credentialed.

This allows them to recover their insurance benefits without having to incur any serious financial penalties in the process.