Tag Archives: Restitution

(Bloomberg) — Five years into scandals that have already cost Wells Fargo & Co. more than $5 billion in fines and legal settlements, regulators are privately signaling they’re still not satisfied with the bank’s progress in compensating victims and shoring up controls. The Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau have warned the firm they may bring new sanctions over the company’s pace in fulfilling those obligations, according to people… Source link

[unable to retrieve full-text content]Local reparations good but not enough, argue proponents of federal restitution for Black Americans  Yahoo News Source link

On Wednesday, Florida Attorney General Ashley Moody’s Office issued a Consumer Alert to urge victims of the Yahoo Inc. and Aabaco Small Business, LLC’s data breaches to claim millions of dollars made available for restitution. Individuals with Yahoo accounts between Jan. 1, 2012 and Dec. 31, 2016 are entitled to settlement claims and free credit monitoring. The deadline to file a claim is July 20. For more information on the claims… Source link