| Capital One
Money Laundering Gets $390M Fine From
FinCEN As PNC Is Sued For Usury
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
Jan 15 – Capital One has been
fined $390 million by FinCEN,
for anti-money laundering
violations. This comes on top
of predatory lending, on autos
and otherwise. Inner
City Press and Fair Finance
Watch will have more on this.
Meanwhile, PNC
Bank and its Midland Loan
Services have been sued for
usury, predatory lending and
civil conspiracy, under New
York and Federal
law.
The
complaint docketed on December
29 in the U.S. District Court
for the Southern District of
New York, which Inner City
Press covers, describes PNC's
lending on a number of homes
and allegedly racking up $250
charges.
It questions the
reporting on line 205 of the
HUD statement. When the
plaintiff questioned it, he
was called an
"assh*ole."
The case is
filed while PNC seeks to buy
the US retail banking business
of BBVA for $16 billion, an
application to the Federal
Reserve Board and other
regulators which is subject to
the Community Reinvestment
Act.
The case is
Barli v. PNC Bank, NA et al.,
20-cv-11027 (Castel)
***
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