Bank of America fined $12 million for submitting false mortgage data to federal government
As of June 2023, the BOA had $2.4 trillion in assets, which makes it the second-largest bank in the United States.
Source: yahoo.com
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Citibank discriminated against customers with Armenian names, lawsuit alleges
A class-action lawsuit seeks to punish Citibank for arbitrarily denying the applications and closing the accounts of people with Armenian-sounding last names under the aegis of fraud prevention.
Source: yahoo.com
A cap on credit card late fees sounds great, but this plan would hurt NC families
A cap on credit card late fees sounds great, but this plan would hurt NC families | Opinion
Source: yahoo.com
CFPB Files Action Against Fintech For Allegedly Violating Previous Order, Deceiving Customers, Withdrawing Funds Without Consent - Fin Tech
On November 15, the CFPB issued an order requiring an Illinois-based fintech lender to pay $15 million in fines. The order additionally prohibits the company from operating in certain...
Source: mondaq.com
Toyota Ordered to Pay $60 Million for Misleading on Auto Loans
(Bloomberg) -- The lending arm of Toyota Motor Corp. will pay $60 million to settle allegations by a US regulator that it misled customers into buying extra products that boosted their payments and then gave them a runaround when they tried to cancel.Most Read from BloombergThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAINearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t QuitCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringMicrosoft Ends Wee
Source: yahoo.com