Two civil money penalties, one prohibition on OCC’s list of recent enforcement actions

Two civil money penalties and an order of prohibition are among the enforcement actions announced by the Office of the Comptroller of the Currency (OCC) Friday, covering actions taken in September and the first part of October.

The civil money penalties included a $108,796 penalty, issued via consent order, against MidSouth Bank, N.A., Lafayette, La., related to violations of federal flood insurance requirements. The other, a $30 million penalty against Citibank, N.A., Sioux Falls, S.D., and also by consent order, was for violations of requirements related to the holding period for other real estate owned (OREO). (The latter penalty was announced by the agency earlier this month.)

The one prohibition order in September, also by consent, was for D’Andrea L. Dunn, a former teller of U.S. Bank National Association, Cincinnati, Ohio, whom the OCC found misappropriated $5,000 in cash while balancing automated teller machines at two Las Vegas, Nev., branches. This activity occurred from June to August 2015, the order states. The order bars Dunn from any future work in a federally insured financial institution.

Other orders include a prompt corrective action directive and two terminations of existing cease-and-desist orders.

OCC Enforcement Actions and Terminations