Jan 4 (Reuters) - Meta Financial Group Inc:
* Says received correspondence from ots dated December 28, 2010 following the
recent examinations of co
* Ots advised co that it is presently preparing a cease and desist order to the
company and the bank - SEC filing
* Ots advised that it is currently considering need to assess civil money
penalties against the bank
* Says ots advised co that ots will require the bank to reimburse iadvance
customers in an amount to be determined
* Says it is expected that legal and compliance costs of the company and the
bank will increase
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Says received correspondence from ots dated December 28, 2010 following the
recent examinations of co
* Ots advised co that it is presently preparing a cease and desist order to the
company and the bank - SEC filing
* Ots advised that it is currently considering need to assess civil money
penalties against the bank
* Says ots advised co that ots will require the bank to reimburse iadvance
customers in an amount to be determined
* Says it is expected that legal and compliance costs of the company and the
bank will increase
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.