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Bank of America has been slapped with $225 million in penalties by federal authorities for “unfair and deceptive practices” related to customers’ unemployment benefits programs. On Thursday ...
“Bank of America violated a federal law that thousands of mortgage lenders have routinely followed for decades,” the Consumer Financial Protection Bureau said
Bank of America "Consent Order for Civil Money Penalty" (PDF). In the Matter of: Bank of America N.A. United States Office of the Comptroller of the Currency. 11 November 2014. "Order to Cease and Desist" (PDF). In the Matter of: Bank of America Corporation. United States Federal Reserve. 20 May 2015. Barclays "Order Instituting Proceedings" (PDF).
Green Dot Bank, best known for partnering with Walmart to provide basic digital banking services to customers, said it has received a proposed consent order from the Federal Reserve over allegedly ...
U.S. Century Bank. U.S. Century Bank is a community bank in Miami-Dade County, Florida, with headquarters in the city of Doral. U.S. Century Bank is a Minority Depository Institution (MDI) operating in South Florida. As of March 2024, it has $2.5 billion in total assets, $195.0 million in equity capital, and a branch network that includes 10 ...
OneWest Bank, FSB, converted to a national bank and was renamed OneWest Bank, N.A., in February 2014, as the bank transitioned from a residential lender to a full-service bank. In 2011, Otting signed a consent order, in conjunction with 14 other large bank mortgage servicers, with the U.S. Office of Thrift Supervision regarding the bank's ...
The Wells Fargo cross-selling scandal was caused by creation of millions of fraudulent savings and checking accounts on behalf of Wells Fargo clients without their consent or knowledge due to aggressive internal sales goals at Wells Fargo. News of the fraud became widely known in late 2016 after various regulatory bodies, including the Consumer ...
In a note to clients on Sunday, Bank of America's US equity and quantitive strategy team led by Savita Subramanian boosted its year-end target for the S&P 500 to 5,400 from 5,000.