Mass. Bank Regulator Takes Action Against Wise
Massachusetts’ top financial cop is fining money-transfer company Wise $4.2 million as part of settlement involving six state regulators.
Wells Fargo to Pay $3.7B Over Consumer Law Violations
Consumer banking giant Wells Fargo agreed to pay $3.7 billion to settle a laundry list of charges that it harmed consumers by charging illegal fees and interest on auto loans and mortgages, as well as incorrectly applied overdraft fees against savings and checking accounts.
Fed Assesses $17K Penalty on BankESB
The Federal Reserve Board assessed a $17,000 penalty against Easthampton Savings Bank – known by its brand name bankESB – for allegedly violating National Flood Insurance Program regulations.
CFPB Fines BofA $10M for Garnishment Practices
The Consumer Financial Protection Bureau has fined Bank of America $10 million for processing what the agency said were illegal, out-of-state garnishment orders against its customers’ bank accounts.
South Shore Bank Hit With $71K Penalty
The Federal Reserve Board assessed a $71,000 penalty this week against Weymouth-based South Shore Bank for violations involving flood insurance.
Fed Terminates Enforcement Action with Santander
The Federal Reserve Board has ended its 2017 enforcement action with Santander and its auto lending division over its risk management program.
Fed Terminates Enforcement Action Against Santander
Regulators have terminated a longstanding enforcement action with Santander.
