answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Regulators have been known to levy stiff fines off?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

Why did the regulators not stop the excesses in the mortgage market?

There were three main reasons.1) Lack of Power: The regulators were stripped of much of their investigative power by a number of conservative lobbying groups. The restrictions included how often they could perform spot-inspections (this is when a company has an inspection without warnings), the ambit of files they could examine (this is the variety and number of files the inspectors could look act), and funding (the regulation agencies were given less money and, therefore, had fewer personnel working fewer hours.2) Lack of Knowledge: The new mortgage-backed securities and other financial products were very complex and very poorly understood. Both regulators and financial institutions did not know the extent to which these new financial products could destroy the economy and, therefore, there was not an active vigilance over these products as there should have been (had regulators known then what they know now).3) Quasi-Legal: Most of what the bankers were doing may have been immoral, but it had not clearly been established to be illegal. As a result, the regulators did not know how to hold the bankers accountable since the standards and laws did not match the ongoing activities.


When a check has been returned delinquent what does that mean?

A delinquent check is one that does not have the funds to support it. This means that the person wrote a check without having the money to back it up, Typical punishments for this range from heavy fines to actual jail time.


Will a loan company work out a payment plan with you after they repossess your car?

Almost always. They want you to pay them, they don't want the car. If it hasn't been grabbed yet you might want to voluntarily surrender the car and work out a deal. After it has been repo'ed you are going to have some ugly fines or fees (someone has to pay the repossessor). Best of luck.


Can I renew my life insurance license after bankruptcy in PA?

Bankruptcy will not prevent you from renewing your insurance license. When your license is renewed, one of the administrative action or sanction questions will cover bankruptcy and require you to answer "yes". This will immediately flag your renewal application to require legal documentation. After the renewal has been submitted, you or your compliance service provider will need to submit the proper legal documentation about the bankruptcy to the department(s) of insurance for review. Failure to supply the proper documentation can result in the rejection or expiration of the application resulting in license cancellation. The cancellation could then result in fines and administrative actions. Producers who receive administrative actions, fines, sanctions or file for bankruptcy are required to notify the departments of insurance in all states where they hold active licenses within 30 days. Failure to report these actions may result in further administrative actions including fines and license revocation.


How often does the prime rate change?

The prime rate normally changes only when the national banks decide to raise or lower their base rate. The prime rate has been known to not change for years but it has also been known to change several times in one year. http://en.wikipedia.org/wiki/Wall_Street_Journal_prime_rate

Related questions

Where does the phrase scared stiff come from?

"Scared stiff" is an idiom that refers to being completely frozen with fear. It's origin is not known, but it has been in use since at least 1900 a. d. .


Does Sherwood make quality regulators for scuba diving?

Absolutely! They've been making scuba regulators for nearly 60 years. The best made. Period!


Indiana Statute of limitations traffic fines?

Traffic fines do not expire. Once the ticket has been issued, there is no time limit.


Difference between iron ore fines and iron ore pellets?

Iron Ore fines are Iron Ore that have been crushed to under 10mm. Iron Ore pellets are Iron Ore fines that have been concentrated and bonded together to form small balls, or pellets.


Is there a statute of limitations to unpaid fines owed for a DUI in Ca?

Typically there is no limitation to collecting fines. The fine has been set and the state has the right to collect on it.


Does malnutrition effect your muscles could your neck be stiff from it?

YES i have had stiff neck all my life and have been reserching and i have found that it was my spinal cord


Can Employers look at Paid Tickets or fines that have been paid?

Fines and tickets are a part of the public record. They can certainly be looked at, particularly if the job requires driving.


What are the fines for driving past curfew In Florida?

There are no fines. I have been in Florida and drove around with my friends from 7 a.m till 1 a.m the next morning.


What are internal regulate?

Internal Regulators Proteins that respond to events inside the cell are called internal regulators. Internal regulators allow the cell cycle to proceed only when certain processes have happened inside the cell. For example, several regulatory proteins make sure that a cell does not enter mitosis until all its chromosomes have been replicated. Another regulatory protein prevents a cell from entering anaphase until all its chromosomes are attached to the mitotic spindle. Internal Regulators Proteins that respond to events inside the cell are called internal regulators. Internal regulators allow the cell cycle to proceed only when certain processes have happened inside the cell. For example, several regulatory proteins make sure that a cell does not enter mitosis until all its chromosomes have been replicated. Another regulatory protein prevents a cell from entering anaphase until all its chromosomes are attached to the mitotic spindle. Internal regulators are proteins that respond to activity within a cell.


What has been done to reduce litter?

well fines can be given if seen littering and more bins have been placed around


Does pa have statute of limitations for DUI fines?

Not if the DUI has been adjudicated. There may be a limit as to how long they can collect the fine, but in most cases, the state does not set a limit on fines associated with criminal activites.


What have been the consequences of China's one-child policy?

Fines. Unless your rich then you can pay your way out.