Tag: settlement

Capital and Risk, Credit, Regulations

JPMorgan, Goldman and others to pay $499M to end stock-lending suit

August 24, 2023

Via: Banking Dive

Four large banks will pay $499 million to settle a class-action lawsuit levied against them in 2017 by U.S. pension funds over the banks’ alleged attempts to thwart competition in the stock-lending market. JPMorgan Chase, Goldman Sachs, Morgan Stanley and […]

Capital and Risk, Insurance

California Announces $1.9M Settlement with Health Insurer

August 18, 2022

Via: Insurance Journal

California Insurance Commissioner Ricardo Lara announced a major settlement with National Health Insurance Co. The California Department of Insurance alleged that the company continuously violated California law since 2015 by failing to post a list online of covered prescription drugs […]

Activity, Insurance

California Department of Insurance Investigation Leads to $5.5M Settlement

July 16, 2020

Via: Insurance Journal

A settlement has been announced between Libre by Nexus Inc. in which it will cease transacting immigration bonds in the California, phase out the use of GPS ankle monitors, and issue credits to clients still in arrears with Libre. Additionally, […]

Capital and Risk, Operational

Equifax to Pay $18M Over Data Breach Affecting Nearly Three Million Mass. Residents

April 20, 2020

Via: Insurance Journal

One of the largest consumer credit reporting agencies in the country has agreed to pay $18.2 million and undertake significant injunctive relief following a massive data breach in 2017 that compromised the personal information of nearly three million Massachusetts residents, […]

Activity, Insurance

Wells Fargo Settling California Car Loan Suit for $385M

June 10, 2019

Via: Insurance Journal

Wells Fargo has agreed to pay at least $385 million to settle a California lawsuit alleging it signed up thousands of auto loan customers for costly car insurance without their consent, resulting in many having their vehicles repossessed. The bank […]