Asia-pacific firms saw the biggest rise in penalties imposed ... actions, with financial institutions often looking to quickly settle their fines with regulators ahead of year-end reporting. Tracy ...

RBI has imposed a fine of ₹63.6 lahks on Union Bank of India and ₹40 lahks on Transaction Technologies (Lendbox) for ...

Zenith Bank shareholders have expressed frustration over the high penalties imposed on commercial banks by regulatory authorities, particularly the Central ...

The complaint seeks a permanent injunction against the Bank prohibiting it from violating the CFPA, TISA, and Regulation DD, as well as money for consumer redress and civil money penalties.

The impact of downtime is estimated to cost financial services (FS) institutions over $152 million annually around the world. This is not only a significant financial burden, but also poses numerous ...

Such misconduct will not be tolerated and warrants strong regulatory penalties ... significant fines have been imposed on the entities involved, and Christopher Flinos has been prohibited from holding ...

The Reserve Bank of ... of monetary penalty,” RBI said. While the RBI has imposed penalties on both banks, it has clarified that these fines are solely due to lapses in regulatory compliance ...

The General Data Protection Regulation ... Beyond the financial penalties, GDPR violations can severely damage an organization's reputation. Publicized data breaches and fines can erode consumer ...