Links in “Fines, Penalties, Suits, and Settlements”

The fine was relatively small, but the greater damage will be to Citibank's reputation, especially among the 360,000 customers whose information was accessed by the hackers who exploited a breach in online security that the bank knew about and failed to close until the damage was done. [9/4]

Ten individuals charged in two-pronged scheme involving falsified tax records and straw buyers. [9/4]

On the heels of a recent appellate court victory, NCUA has initiated a lawsuit against Morgan Stanley and other firms for selling faulty mortgage-backed securities to WesCorp, U.S. Central and other corporate credit unions; NCUA is seeking to recover approximately $566 million for violations of federal and state securities laws. [9/3]

California bank hit with a C&D for BSA violations; Michigan bank ordered to update and monitor its compliance policies and submit to a third-party compliance audit; Tennessee bank ordered to establish a non-employee compliance committee. [9/3]

Township of Mount Holly files its opening brief in the U.S. Supreme Court; at stake is whether disparate impact claims or only "purposeful discrimination" are cognizable under the Fair Housing Act. [8/29]

A U.S. Circuit Court has handed NCUA a victory in its suit against several Wall Street banks for toxic securities they sold to U.S. Central and other corporate credit unions; the appeal, which hinged on an interpretation of a federal statute of limitation clause, clears the way for NCUA to proceed in its lawsuits that allege violations of federal and state securities law. [8/28]

Denver Post reporter uncovers what appears to be scores of cases where homeowners facing foreclosure were forced to pay hundreds in lawyer charges for phantom court cases against them. [8/27]

Banking industry stands to make $120 million in fee revenues this year; but regulatory scrutiny is rising amidst reports that some wage earners have incurred fees tallying as much as $50 a month. [8/27]

More on the charge against the Cinncinnati's-based lender. Couple claims they were required to provide a physician's statement for proof of disability, but federal law bars lenders from inquiring about the nature or severity of a disability. [8/26]

EB added to long list of Banks with servicing departments that have paid fines for mishandling of loan servicing on troubled loans. Penalties do not stop process and other actions remain in play. [8/26]