[fundingsmbs]

I've kind of come across this issue and I can totally see how it can happen. We had an offer out, ISO called in and asked us to change the e-mail address on record and send him docusign. Docs come back and the merchant admantly says that he did not sign the contracts and that e-mail is not his. I mean, anyone can catch this with a simple merchant interview. But if funders / brokers want to be shady, they could easily create an e-mail address for the merchant, complete the docusign for the merchant and fund a deal without a merchant interview.

Gotta love this industry.

shame on all parties for letting this happen. any docusign sent out also has a trail of time stamps and who opened it and signed for it. there will be no hiding for whoever did this act.

[Karen37a]

https://www.consumerfinance.gov/poli...ement/actions/

Here is the cfpb enforcement actions on some banks Thats just the first page...if i post the calif enforcement ver the years its MASSIVE

TCF National Bank
The Bureau of Consumer Financial Protection (Bureau) filed in federal district court a proposed settlement with TCF National Bank regarding its marketing and sale of overdraft services.

Topics:
• ENFORCEMENT

• DECEPTIVE PRACTICES

• BANKING

• CHECKING ACCOUNT

• DEBIT CARDS

• OVERDRAFTS
DATE FILED JUL 19, 2018
Triton Management Group, Inc.
The Bureau of Consumer Financial Protection (Bureau) today announced a settlement with Triton Management Group, Inc., a small dollar lender that operates in Alabama, Mississippi, and South Carolina under several names including "Always Money" and "Quik Pawn Shop."

Topics:
• PAYDAY LOANS

• ENFORCEMENT
DATE FILED JUL 13, 2018
National Credit Adjusters, LLC and Bradley Hochstein
Today the Bureau of Consumer Financial Protection (Bureau) announced a settlement with National Credit Adjusters, LLC (NCA), a privately-held company headquartered in Hutchinson, Kansas, and its former CEO and part-owner, Bradley Hochstein.

Topics:
• DEBT COLLECTION

• ENFORCEMENT
DATE FILED JUN 29, 2018
Citibank, N.A.
Today the Bureau of Consumer Financial Protection (Bureau) announced a settlement with Citibank, N.A.

Topics:
• CREDIT CARDS

• ENFORCEMENT
DATE FILED JUN 13, 2018
Security Group, Inc., Security Finance Corporation of Spartanburg, Professional Financial Services Corp., et al.
Bureau of Consumer Financial Protection (Bureau) announced a settlement with Security Group Inc., a South Carolina corporation, and its subsidiaries, Security Finance Corporation of Spartanburg and Professional Financial Services Corp.

Topics:


• ENFORCEMENT
DATE FILED APR 20, 2018
Wells Fargo Bank, N.A.
The Bureau of Consumer Financial Protection (Bureau) announced a settlement with Wells Fargo Bank, N.A. in a coordinated action with the Office of the Comptroller of the Currency (OCC).

Topics:
• MORTGAGE ORIGINATION

• AUTO LOANS

• ENFORCEMENT
DATE FILED NOV 21, 2017
Citibank, N.A.
The Consumer Financial Protection Bureau (CFPB) took action against Citibank, N.A. for student loan servicing failures that harmed borrowers.

Topics:
• STUDENT LOANS

• ENFORCEMENT
DATE FILED NOV 20, 2017
Conduent Business Services, LLC
The Consumer Financial Protection Bureau (CFPB) took action against Xerox Business Services, LLC, now called Conduent Business Services, for software errors that led to incorrect consumer information about more than one million borrowers being sent to credit reporting agencies.

Topics:
• CREDIT REPORTS AND SCORES

• ENFORCEMENT



Thats just the first page...if i post the calif enfporcement ver the years its MASSIVE

[Karen37a]

The filed against credit like expe...equ.. etc etc ...seriously its massive


DATE FILED AUG 02, 2017
JPMorgan Chase Bank, N.A.
The Consumer Financial Protection Bureau (CFPB) took action against JPMorgan Chase Bank, N.A. for failures related to information it provides for checking account screening reports.

Topics:
• ENFORCEMENT

• CREDIT REPORTS AND SCORES

• BANKING

American Express Centurion Bank and American Express Bank, FSB
The Consumer Financial Protection Bureau (CFPB) took action against American Express Centurion Bank and American Express Bank, FSB for discriminating against consumers in Puerto Rico, the U.S. Virgin Islands, and other U.S. territories by providing them with credit and charge card terms that were inferior to those available in the 50 U.S. states. American Express also discriminated against certain consumers with Spanish-language preferences.

Topics:
• ENFORCEMENT

• DISCRIMINATION

• CREDIT CARDS

• FAIR LENDING

• BANKING
• EQUAL CREDIT OPPORTUNITY ACT

[Karen37a]

1000s of actions on Regulated Entities

only people who are rookies don't understand that...the ones who cant make sales


Some Funders tend to be more careful with money ...its private money..maybe their own


Little Mr no sales picked a fight with am ex-compliance officer smh ( for securities/loans and insurance)

Im out

[WestCoastFunding]

This type of behavior can get you elected President of the United States.

[Karen37a]

This type of behavior can get you elected President of the United States.

just dont take Omarosa from the apprentice ( who was never a celebrity) with you to the white house it won't work out well


https://www.youtube.com/watch?v=-vvW5nq2oDg

[Karen37a]

"In the future, we expect banking
regulators and other agencies
to continue to supervise banks’
activities with vigor"


Enforcement actions and insights banking
https://www2.deloitte.com/content/da...ing_120815.pdf

Office of the Comptroller of currency regulatory enforcement actions

https://www.occ.treas.gov/topics/law...t-actions.html

Enforcement Actons tracker
https://www.sullcrom.com/beat

FFiec Enforcement
https://www.ffiec.gov/enforcement.htm

Federal Reserve Enforement
https://www.federalreserve.gov/apps/enforcementactions/

FDIC Reserve Enforcement
https://www5.fdic.gov/EDO/index.html

National Credit union Regulation supervison Enforcement actions
https://www.ncua.gov/regulation-supe...ve-orders.aspx

Enforcement
https://www.federalreserve.gov/apps/...ns/search.aspx

CAlif Actions against banks and Financial Service Providers

http://www.dbo.ca.gov/enforcement_search.asp



There are 40 more Enforcement Organizations not to mention 30 More for investments ( the money for the cash advances)

Also 10 for syndication etc etc etc

Add in the state regulators and the states Attys


____

Someone is leading people to their death...95% of people will not survive Regulation

Add Insurance Regulation in,.,..I want a Parade for never having a fine for over 30 years

** and its one thing to do the back end work and not get in trouble....salespeople are the ones who get nailed for overstepping their bounds