Bank of America is set to pay a $12 million fine imposed by the Consumer Financial Protection Bureau (CFPB) for repeatedly sending false information to federal regulators. CFPB Director Rohit Chopra emphasized the bank’s violation of federal law and stated that additional measures would be taken to ensure compliance.
Source: Daily Hodl
Related
New York Stock Exchange Implements Rule Changes to Enhance Transparency and Simplify Regulation
Australian Financial Regulator Announces 2025 Enforcement Priorities to Protect Vulnerable Consumers
Reserve Bank of India Warns Public Against Deepfake Videos Featuring Governor: A Call for Vigilance
IMF Managing Director Kristalina Georgieva Addresses G20 Leaders’ Summit in Rio de Janeiro
Patlian Johnson Appointed as Commissioner of the British Virgin Islands Financial Services Commission