U.S. regulators on Wednesday ordered Bank of America (BAC.N) to pay $727 million in relief to consumers over practices related to credit card add-on products. The Consumer Financial Protection Bureau also fined Bank of America $20 million over allegations of deceptive marketing of products and unfair customer billing practices. The […]

Hewlett-Packard will pay $108 million and agreed to take on certain reporting and compliance obligations to settle a Justice Department and SEC investigation into potential violations of the Foreign Corrupt Practices Act. The U.S. Department of Justice and the Securities and Exchange Commission have been conducting investigations into HP’s conduct […]

The Managing Director/Chief Executive Officer, Nigerian Deposit Insurance Corporation, Mr. Umaru Ibrahim, has decried losses suffered by many bank depositors who placed their funds in illegal and unlicensed institutions not insured by the NDIC. He stated that the depositors incurred the losses because of lack of basic knowledge of financial […]