NYDFS Gets $600K In Deutsche Bank Libor Rigging Fine Deutsche Bank on Thursday became the latest big bank to settle with the NYDFS. The NYDFS accused the Deutsche Bank contributed to rigging Libor interest rates.  The London Interbank  Offered Rate, the interest rate of choice for trillions of dollars in municipal bonds, mortgages, student loans […]
NYDFS’s Lawsky Scores Another Big Win For New York Read Post »
Wells Fargo Must Pay $4 Million For Credit Card Violations More Than 1,300 New Yorkers Expected to Receive Restitution Payments Averaging Approximately $1,600 Governor Andrew M. Cuomo today announced that Wells Fargo Bank will pay a $2 million penalty and provide approximately $2 million in direct consumer restitution payments for violations uncovered by a
Andrew Cuomo Body Slams Wells Fargo Read Post »
OCWEN Fight With California Could Be More Damaging Than NYDFS Fight As OCWEN executives and shareholders begin to breathe a sigh of relief now that they have settled with the state of New York and showed CEO William Erbey the door, the lender could be facing more serious trouble on the horizon. The state of
OCWEN May Be Booted From California Read Post »
