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As the newly minted U.S. Consumer Financial Protection Bureau prepares to launch a hotline for consumers to register complaints about banking services and products, the banking industry and ...
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, also known as the Banking Royal Commission and the Hayne Royal Commission, was a royal commission established on 14 December 2017 by the Australian government pursuant to the Royal Commissions Act 1902 to inquire into and report on misconduct in the banking, superannuation, and financial ...
Hastert violated banking laws by structuring cash withdrawals to avoid reporting requirements. Specifically, he made cash withdrawals of less than $10,000 to hide his efforts to pay $3.5 million to an unnamed person to compensate for and conceal prior "misconduct." At the time of the indictment, Hastert had paid the person $1.7 million. [53]
Closing a bank account shouldn't impact your credit one bit, so there's little sense in taking the risk of keeping money in an account you hardly ever use or look at. What to read next
In 2008 the company Lehman Brothers filed for bankruptcy, after being the fourth largest investment bank in the U.S. at the time. By lending severe amounts to fund the company's investing for example housing-related assets, [ 9 ] made the financial services firm extremely exposed to the financial downturn and subprime crisis.
(Reuters) -A top U.S. banking regulator faced mounting pressure on Thursday over his handling of allegations of sexual misconduct among agency staff and accounts of his own past conduct, with ...
Wells Fargo's sales culture and cross-selling strategy, and their impact on customers, were documented by the Wall Street Journal as early as 2011. [5] In 2013, a Los Angeles Times investigation revealed intense pressure on bank managers and individual bankers to produce sales against extremely aggressive and even mathematically impossible [7] quotas. [8]
Current and former employees at the Federal Deposit Insurance Corporation (FDIC) said the banking regulator fostered a toxic work environment rife with sexual harassment and misogyny that drove ...