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 […]
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 […]
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 […]
NYDFS Forces OCWEN To Show CEO Erbey Shown The Door James Sterngold and Alan Zibel at the Wall Street Journal report that the New York Department of Financial Services and Ocwen Financial have reached a settlement in the NYDFS’s claims of servicing fraud against New York homeowners. As part of the deal, Ocwen also will […]
Andrew Cuomo & NY Consumers Lose Their Financial BFF With NYDFS Benjamin Lawsky’s Departure ICYMI-Last week, John Wilen at Forbes wrote a great piece about New York State Department of Financial Services Superindentent Benjamin Lawsky who will be leaving Governor Andrew Cuomo’s administration in January. In being tapped by Andrew Cuomo in 2011, Lawsky soon […]
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