Bank Of America, U.S. Bank Pay Multimillion Dollar Fines Under Consent Orders With Fed Bank Regulators

LexisNexis ( September 27, 2022, 12:46 PM EDT) -- Two of the nation’s Big Banks recently entered into far-reaching Consent Orders with their federal banking regulators. Pursuant to the terms of the Consent Orders, both banks paid large multimillion dollar civil money penalties and agreed to remediation with allegedly harmed consumers....