Bank - Page 4

  • FCPA Foreign Bribery Active Investigations – Last Call for Whistleblowers

    … Solutions Corporation 15 Core Laboratories NV 16 Crawford & Company 17 Delphi Automotive PLC 18 Deutsche Bank AG 19 Elbit Imaging Ltd 20 Eni SpA 21 Ensco PLC 22 Exterran Corporation 23 Flowserve Corporation 24 FMC Technologies Inc 25 Frank’s International NV 26 Fresenius Medical Care AG & Co KGaA 27 Goldman Sachs Group Inc 28…

    Due Diligence- 18 readers -
  • First Loan Officers, Now PNC Asst. Managers Win FLSA Suit

    … First Loan Officers, Now PNC Asst. Managers Win FLSA Suit January 12, 2017 by Brian Mahany Last week we wrote about a successful lawsuit brought by PNC Bank mortgage loan officers. This week it is the banks assistant managers who are cashing in. Both lawsuits were brought under the Fair Labor Standards Act (FLSA) and involved unpaid overtime…

    Due Diligence- 13 readers -
  • Overview of Foreclosure Bill of Rights for New York Homeowners

    … coaster of not knowing whether they will lose their homes. To help clarify the foreclosure process and to protect homeowners from banks or mortgage servicers that may try to take advantage of them, the New York Department of Financial Services (NYDFS) has adopted and published a Residential Foreclosure Actions Consumer Bill of Rights. The following…

    Ronald D. Weiss, PC- 13 readers -
  • Freedom Mortgage Found Guilty of Defrauding Homeowner

    …. In one case we heard that a borrower saved just $18 in monthly mortgage payments while incurring thousands ofndollars of new debt. If you have refinanced and believe the bank is simply trying to profit from the fees, call us. You may have a case. Our firm doesn’t handle individual homeowner cases. Instead, we handle class action cases…

    Due Diligence- 20 readers -
  • Jail for Fla. Lighting Contractor in Kickback Scheme

    … of money. Just $764,000. (Although he claims he has expenses.) That is another troubling argument. If three men rob a bank together should their sentences be determined by how much he one receives? Bustillo Sentenced on January 6th Bustillo’s arguments for leniency ring hollow. Apparently, the court thought so to. Despite a plea for just 12 months…

    Due Diligence- 18 readers -
  • PNC Pays Mortgage Loan Officers $16M – Overtime Lawsuit

    … PNC Bank will pay its some of its mortgage loan officers $16 million to settle a lawsuit brought under the Fair Labor Standards Act. The mortgage brokers claimed they were denied overtime and proper commissions. The case was originally filed by 4 loan officers in August, 2015. PNC employs loan officers throughout the United States. Until…

    Due Diligence- 28 readers -
  • The Last Post Crisis Deal? Probably Not – Credit Suisse Whistleblower Post

    … The headline in Banking360 this morning was “Credit Suisse Pays $5.3B In Possible Last Post-Crisis Deal.” Is this the last “post crisis” deal? Heck no! That would imply that banks and mortgage lenders learned their lesson. By their very nature, financial institutions are in business to make money. They need to turn a profit. Higher profits means…

    Due Diligence- 18 readers -
  • USFS Settles Crisis Era False Claims Act Mortgage Fraud Case

    … The financial crisis of 2007 and 2008 occurred almost a decade ago. The fall out, however, continues. Many people lost their homes. Americans were asked to pony up hundreds of billions of dollars to bail out the banks. In the following years, whistleblowers and prosecutors worked hard to go after the banks that caused the mess. Most of the cases…

    Due Diligence- 19 readers -
  • Wells Fargo, PNC Hit with Huge Fines for Cybersecurity Lapses

    … major banks, PNC Capital Markets ($500,000) and Wells Fargo ($5.5 million). The SEC and FINRA police securities brokerage firms. Both agencies have made cybersecurity a regulatory priority. On December 21st, FINRA announced fines against several major brokerage firms including four firms associated with two major banks. PNC Capital Markets…

    Due Diligence- 23 readers -
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