Bank - Page 5

  • Allied and Jim Hodge… What Next?

    … owned by the corporation. Most cases settle before trial. Allied and the Countrywide HSSL (pronounced “hustle”) case were the only two big lender cases to go trial since the 2008 financial crisis. When a case settles, the whistleblower awards are usually paid right away. Appeals and collection efforts in this case could slow things down. In recent…

    Due Diligence- 13 readers -
  • Many Bankers Eligible for Overtime Pay (FLSA Post)

    … There have been several large overtime pay collective action cases in recent years involving bankers. Ever since Wells Fargo management decided to fire 5,500 bankers who were allegedly involved in the unauthorized new account scandal, our phones have been ringing steadily with call from unhappy bank employees. As a group, individual bankers…

    Due Diligence- 13 readers -
  • Embezzlement: Texas Laws, Definitions, and Defenses

    … Texas Embezzlement Laws Financial crimes in Texas are a unique category of illegal offenses. While many actions are criminalized because they threaten the public safely or physically endanger other people, financial crimes are violations that threaten the economic security of others. Financial crimes can occur in a variety of settings, from…

    Matthew Sharp/ The Law Office of Matthew D. Sharp- 26 readers -
  • Who is Mullooly, Jeffrey, Rooney & Flynn?

    … analyzes debt collection cases to determine if any violations of the FDCPA have occurred. If you need help settling or defending a debt collection law suit, stopping harassing debt collectors or suing a debt collector, contact us today to see what we can do for you. With office located in the Bronx, Brooklyn and Rockland County, the Law Offices of Robert…

    The Law Offices of Robert J Nahoum- 25 readers -
  • Lincoln Financial Unit Fined for Cybersecurity Breach

    …. The important takeaway here is that banks and other financial institutions can’t escape liability by simply outsourcing their data systems to third parties. The bank itself remains responsible in the event of a breach. Lincoln Financial argued that in response to the earlier breach, it implemented a Data Security Policy that included, among other things…

    Due Diligence- 26 readers -
  • Bank of America Accused of Gouging Ex Inmates – FIRREA SEC Post

    … There are both evil people in this world and ordinary people who make mistakes. Sometimes those people go to jail. Over 99% of those incarcerated are ultimately released. And in Arizona, when they are released they get whatever cash they had at the time of their arrest, commissary money and prison earnings in the form of a Bank of America debit…

    Due Diligence- 13 readers -
  • “My Family Thinks I’m a Fraud for Working at Wells” – FIRREA Post

    …, the 2 million fraudulent accounts was the most recent scandal that received big media attention. Last week Wells agreed to pay $50 million to satisfy a class action lawsuit accusing the bank of improperly marking up appraisal fees of over 250,000 California residents who defaulted on their loans. In street parlance, the banks was kicking people while…

    Due Diligence- 13 readers -
  • From Shadow Branches to Shadow Banks… (Whistleblower Post)

    … relevant and makes us such a great nation today. In 1863, President Abraham Lincoln and Congress gave us a law called the False Claims Act (“FCA”) designed to empower citizen whistleblowers to bring actions against fraud and mismanagement of federal tax dollars. Passed long before the advent of “shadow branches” or “shadow banks,” the FCA is still…

    Due Diligence- 11 readers -
  • Wells Fargo Employee? Denied Overtime? Now Is the Time

    … labor laws enforced by the U.S. Department of Labor are taken seriously.” While we welcome the Department’s investigation, we worry about those workers who worked 50 or 60 hours a week simply to meet the bank’s unreasonable sales quotas. From what we are told by Wells Fargo employees, the bank had a policy of letting workers go that didn’t meet sales…

    Due Diligence- 15 readers -
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