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Sort by date 1,812 pages found matching bank of america- Does Charging Excessive Overdraft Fees Violate Credit Union Non-profit Status?
May-14-16 Jacksonville, FL: Having come out with a review of overdraft practices and fees generated by major banks, credit unions and financial institutions in 2013, The Consumer Financial Protection Bureau is ramping up its rhetoric on the apparent fleecing of consumers through excessive fees. Little wonder, when one looks at the overdraft fees charged by Vystar... - Data Breach Complaints on the Rise
May-11-16 Washington, DC: A new report from the Federal Trade Commission (FTC) shows that data breach complaints are on the rise. In the report, Consumer Sentinel Network Data Book (2/16), the FTC notes that complaints about identity theft increased 47 percent in 2015, likely helped by a number of high-profile data breaches. Consumers have filed lawsuits again... - Attorneys Investigating Check Re-presentment Lawsuits
Apr-17-16 New York, NY: If you have a checking account that doesn’t tend to carry a lot of money, you may have noticed some fees charged to the account that you did not authorize. Take a closer look and you may discover you’ve been charged for check re-presentment . Check re-presentment occurs when a declined check is sent to a third party and that pa... - TJX Data, TJX agrees to pay Visa and Fifth Third Bank a $41 million settlement for a massive data breach
Boston, MA: (Nov-30-07) Visa and Fifth Third Bank brought charges against TJX, over a massive data breach. As part of a settlement reached TJX agreed to pay as much as $41 million in a settlement with Visa and the bank that processes TJX's credit card payments over the data breach. Sources claimed that the Framingham-based discount retailer stated that the... - Columbia Management Advisors Inc. and Columbia Funds Distributor Inc. investment fraud Settlement
The former president of the company, James Tambone and the former senior sales executive Robert Hussey have been ordered to pay $140 million to FleetBoston Financial Corp. for improper trading. Bank of America acquired FleetBoston last year. The Securities and Exchange Commission alleged Tambone and Hussey allowed specific investors to participate in ille... - Hartford Insurance Denies Disability Benefits and Pays Millions to bail out a town
Aug-13-18 Hartford, CT: Imagine that an injury results in you being disabled and unable to return to work. You apply for long term disability but Hartford, your insurance company, denies your benefits. You don’t have any savings and no other source of income. And then you find out that Hartford, along with two other insurance companies, bails out the town of Har... - Another Illegal Practices Lawsuit against Unum
Mar-2-16 New Orleans, LA : Although Unum, or First Unum was reprimanded more than a decade ago by the Department of Labor for its bad faith insurance practices, the largest health insurer in the United States still seems to deny long-term disability benefits as its mandate. Many Unum policyholders have consequently filed lawsuits, alleging that the company ha... - Summary Judgment for Lincoln National in Barber v. Lincoln National Life Insurance Company
Jul-25-18 Cincinnati, OH On May 18, 2018, the Sixth Circuit denied Oliver Barber’s appeal in his long term denied disability lawsuit against Lincoln Financial (the marketing name for Lincoln National Corporation and insurance company affiliates). This is likely the end of the road for Barber’s lawsuit , but it was hard fought and thoroughly argued... - 1% of Physicians Account for One-third of Paid Medical Malpractice Claims
Feb-25-16 The New England Journal of Medicine has analyzed some appalling data that 1% of physicians account for approximately 32% of paid medical malpractice claims. The data - which was pulled from the National Practitioner Data Bank - shows that over a recent 10-year period, a small number of physicians with distinctive characteristics accounted for a dispr... - Thornbug Mortgage Inc. Wachovia Derivative Transaction Settlement
Charlotte, NC: (Aug-29-07) Wachovia Corp. brought a lawsuit against Thornbug Mortgage Inc. over a derivatives transaction. Wachovia sued Thornburg in the US District Court in Manhattan, alleging the New Mexico-based company failed to return collateral to the bank. Thornburg is a single family residential mortgage lender focused principally on the jumbo seg... - JPMorgan Controversial Structured Bond Settlement
Athens, GA: (Aug-23-07) Four Greek state pension funds brought charges against JPMorgan, over a controversial 280m structured bond, as part of the country's investigation into six similar instruments issued by other international banks. The confidential bond, issued last year by the Greek government, came under investigation this year by George Zorbas, h... - First BanCorp. Mortgage Transaction Misrepresentation Settlement
New York, NY: (Aug-07-07) The US Securities and Exchange Commission brought a lawsuit against First BanCorp., alleging that the Puerto Rican bank concealed the true nature of more than $4 billion of mortgage-related transactions. The bank did not concede to any wrongdoing or admit to the allegations. In a settlement reached, First BanCorp. agreed to... - HSBC Bank USA Abandoned Chemical Facility Penalty
Wallkill, NY: (May-30-07) Attorney General Andrew Cuomo's office filed suit against HSBC Bank USA over environmental issues regarding an abandoned chemical manufacturing facility in the town of Wallkill. HSBC Bank agreed to pay $850,000 in civil penalties and reimburse the state of New York for approximately $68,000 in costs incurred as a result of the a... - Settlement
Washington, DC: (May-16-07) The Ethics Board filed charges against Supreme Court Justice-elect Annette Ziegler, claiming that she was guilty of committing an ethics violation. The state Judicial Commission is conducting an ongoing investigation, which brought to light that Ziegler was involved in a scheme, in which a bank paid her husband as a member of it... - Compass Bank Un-Married Car Loan Discrimination Settlement
The US Department of Justice launched an investigation into Compass' automobile lending practices after the Federal Reserve Board, in 2003, found reason to believe that Compass Bank's loan pricing procedures constituted a practice of discrimination. In its complaint, the Justice Department alleged the bank had violated the Equal Credit Opportunity Act b... - How Will Passage of Save America’s Pastime Act Impact California Lawsuit?
Mar-27-18 San Francisco, CA: A California unpaid wages lawsuit, that traces its origins to the Golden State in 2014 and held national implications after it was granted class action status appears all but dead after the US Congress included a statute in its omnibus spending bill signed into law last week. That statute, known as the ‘Save America’s Pas... - SEC Fraud Whistleblower Lawsuit News & Legal Information
Under the SEC Whistleblower program, a successful whistleblower lawsuit can award a whistleblower of 10-30 percent of the amount the SEC recovers in sanctions, depending upon the quality of information provided to defraud government. Since the Securities and Exchange Commission (SEC) implemented the Whistleblower Program, it has seen a considerable increase... - A Tale of Two Unum Lawsuits
Mar-12-18 Gibsonia, PA: Tucked in amongst a seemingly never-ending barrage of positivity stemming from the Unum camp with regard to investment, expansion and financial performance are the ever-lurking Unum insurance lawsuits alleging bad faith insurance and similar frustrations after an insurer that happily accepts monthly premiums suddenly does an about-face an... - U.S. Bank City Tax Embezzlement Settlement
The city of Bowling Green filed a lawsuit against the bank related to embezzlement by the city's former Chief Financial Officer Davis Cooper. Two private accounts were set up by Cooper over 23 years and thousands of transactions were placed into these official sounding accounts. Cooper is serving eight years in a federal prison, after pleading guilty to... - Diagnosed with Lyme Disease, Plaintiff is Denied by Unum Disability Insurance
Feb-14-18 San Diego, CA: A medical professional who could no longer fulfill the functions of her occupation due to a diagnosis of Lyme disease, had her long term disability benefits claim denied by her LTD provider. Plaintiff Laura Wakil holds that Unum unfairly denied her LTD benefits that were rightfully hers' according to the terms of her policy, and she is takin...