Enforcement actions disclosed Friday by the regulator of national banks and savings institutions include prohibition orders against two former bank employees – Michael W. Jones, a former branch manager for Santander Bank, N.A., (Wilmington, Del.), and Jenice Rivera, a former teller for Wells Fargo Bank, N.A. (Sioux Falls, S.D.).
A consent order executed in July between Jones and the Office of the Comptroller of the Currency (OCC) says Jones made unauthorized withdrawals from the account of a Santander Bank customer between February and August 2013. Another order, also in July, shows that Rivera, from November 2013 to January 2014, compromised at least 12 Well Fargo customers’ confidential account information and transferred the information to a third party, resulting in unauthorized charges on those accounts. Her actions caused a loss to the bank of about $67,994, the order says.
Friday’s announcement by the OCC also cites the following enforcement actions:
- For TCF National Bank (Sioux Falls, S.D.), a cease-and-desist order, civil money penalty and restitution order regarding violations of Federal Trade Commission Act disclosure requirements regarding ATM fees. The bank was ordered to pay $25 million in restitution and a $3 million civil money penalty (CMP). (These actions were undertaken in tandem with action of the Bureau of Consumer Financial Protection, which imposed a $5 million CMP adjusted to take into account the penalty assessed by OCC.)
- For Capitol National Bank of Lansing, Mich., termination Aug. 2 of a 2015 enforcement order that addressed the bank’s compliance committee, management and board structure, and capital.
- For Old Dominion National Bank of North Garden, Va., termination July 25 of a 2010 enforcement order regarding safety and soundness issues.