“The fines are high to try to serve as a deterrent,” Mr. Berman said. “On the other hand, Democrats like to increase the amount of fines. In this case it is probably more of the former, because they have to send a really strong message.”

https://www.wsj.com/articles/biggest-banks-nearing-1-billion-settlement-over-traders-use-of-whatsapp-other-banned-messaging-apps-11660947521?mod=rss_Technology&stream=top