Agents of Behemoth
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Agents of Behemoth

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Bank of America faces hundreds of millions in fines over fake accounts and junk fees - RawStory.com

Bank of America faces hundreds of millions in fines over fake accounts and junk fees - RawStory.com | Agents of Behemoth | Scoop.it
From www.rawstory.com - July 11, 1:50 PM

Bank of America is facing hundreds of millions in fines for an alleged pattern of illegal and predatory practices against customers, reported CNN on Tuesday. The Consumer Financial Protection Bureau ordered Bank of America to pay more than $100 million to customers and $90 million in penalties...

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Wells Fargo, BofA, amongst banks going through probe on PPP loans | Fintech Zoom

Wells Fargo, BofA, amongst banks going through probe on PPP loans | Fintech Zoom | Agents of Behemoth | Scoop.it
From fintechzoom.com - June 15, 2020 8:08 PM

A Home panel overseeing the coronavirus response is launching probes into how a number of banks, together with JPMorgan Chase, Bank of America, Wells Fargo & Co and Citigroup Inc., made choices about find out how to implement small-business loans underneath the federal government’s Paycheck Safety Program. 

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"The investigations, launched by the Democratic-led Choose Subcommittee on the Coronavirus Disaster, is looking for to find out whether or not banks and Treasury Division steerage favored bigger, well-connected companies over smaller firms from rural or minority communities when making small enterprise loans to fight the financial fallout from the coronavirus pandemic." - By Laura Davison and Mark Niquette, Bloomberg

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New CEO of failed Silicon Valley Bank was once fired from his Charlotte banking job - Charlotte Observer

New CEO of failed Silicon Valley Bank was once fired from his Charlotte banking job - Charlotte Observer | Agents of Behemoth | Scoop.it
From nordot.app - March 16, 6:45 PM

The new CEO of failed Silicon Valley Bank is a familiar name to many in Charlotte’s banking community — Tim Mayopoulos was fired as general counsel of Bank of America in 2008 in the midst of the financial crisis and escorted out of the office by an HR representative.

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