Tagged: fines

Financial Institution Penalties Issued by US Regulators Reach $3B: Fenergo Report

Fenergo, the provider of digital solutions for client lifecycle management (CLM), released its annual findings on US-issued financial institution fines. The study, which analyzed year-over-year (YoY) penalties levied by US financial regulators, revealed “that the total value of penalties issued rose 151% YoY; that US… Read More

MoneyGram Penalized $8.25M for Lax Agent Supervision During Chinese Transfer Spike

MoneyGram has agreed to pay an $8.25 million fine related to its failure to properly monitor local storefronts’ transfer activity to China. The company confirmed today it agreed to the settlement with the New York Department of Financial Services through a consent order. The company… Read More

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