News Topic: Penalties and fines

Policymakers have made significant progress in the assigning of regulatory accountability, but more work is necessary. ... Read full article

German bank says the $220 million settlement closes the book on its Libor-related misdeeds; reopening mandatory arbitration could backfire on banks. ... Read full article

Bank of America set aside $100 million in its reserves for representation and warranty claims ahead of a pending settlement to resolve legacy mortgage issues. ... Read full article

The workers who have been brought back do not include any of the more than 5,000 employees who were fired for alleged misconduct, according to the company. ... Read full article

Auditors performing a review of Ocwen Financial padded timesheets and claimed excessive and improper expenses, including lengthy travel and meals at strip clubs and casinos, according to a lawsuit filed against Fidelity Information Services. ... Read full article

The regulator said that the Bank of Lake Mills, Freedom Stores and Military Credit Services violated the FTC Act. ... Read full article

The London-based bank overbilled customers by nearly $50 million through violations including collecting excess mutual fund fees. ... Read full article