A California bank was assessed a nearly quarter-million-dollar penalty for violating a cease-and-desist order for violations related to compliance with anti-money laundering requirements, the federal insurer of bank deposits said Friday. California Pacific Bank of […]
Civil money penalties totaling $42,500 were assessed against two former executives of JPMorgan Chase Bank, N.A., and Morgan Stanley who retained records containing nonpublic information from the Office of the Comptroller of the Currency (OCC) […]
HomeStreet Bank of Seattle, Wash., will pay a $1.35 million civil money penalty under a consent order with the Federal Deposit Insurance Corp. (FDIC) related to alleged violations of the Real Estate Settlement Procedures Act […]
An Oregon bank has agreed to pay a $275,000 civil money penalty (CMP) for placing telemarketing calls to consumers on the “Do-Not-Call” registry and using an automated dialing system to send pre-recorded or text messages […]
Citibank’s repeated violations of the statutory holding period for other real estate owned (OREO) resulted in a civil money penalty assessment of $30 million against the bank, imposed through a consent order with the Office […]
Federal financial institution regulators were busy organizations last week, as they worked to clear their outboxes for the end of the summer in preparation for the oncoming fall season of meetings, congressional testimony, regulatory actions […]
Civil money penalties (CMPs) totaling $155,700 were assessed against two banks in late May and June over their “pattern or practice” of violating the Flood Disaster Protection Act (FDPA), the National Flood Insurance Act (NFIA) […]
Daniel Weiss, the former general counsel of Rabobank, N.A. (Roseville, Calif.), reportedly helped conceal a report on Bank Secrecy Act (BSA) deficiencies at the bank and has been barred from future service in any federally […]
A cease-and-desist order, a prohibition and some $54,000 in money penalties and restitution against a former loan officer of First Southern National Bank (Lancaster, Ky.) are among the enforcement actions executed in June by the […]
Civil money penalties (CMPs) totaling $5,073 – the largest of them being for $2,665 – were assessed against six federal credit unions in orders executed late last month over late filings of year-end 2018 call […]
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