A July 2010 enforcement order requiring A.E. Bancorp Inc. to ensure compliance by its subsidiary American Enterprise Bank of Buffalo Grove, Ill., with provisions of a consent order between the bank and the federal bank […]
The $100 million civil money penalty assessed last month against Capital One, N.A., McLean, Va., and Capital One Bank (U.S.A.), N.A., Glen Allen, Va., over Bank Secrecy Act/anti-money laundering (BSA/AML) compliance program deficiencies is included […]
Five new enforcement actions and terminations of four previous actions were announced Friday by the Office of the Comptroller of the Currency. The new actions included one new cease-and-desist, one civil money penalty coupled with […]
A text message to a bank branch manager and head teller ultimately led to the uncovering of a fraud of nearly $900,000 from a Tennessee bank, according to a report released Friday by the federal […]
A supervisory agreement entered into in May 2010 over unsafe and unsound “and/or violations of law or regulation” by Presidential Holdings Inc., Bethesda, Md., was terminated Tuesday by the Federal Reserve Board. The supervisory agreement […]
An eight-year enforcement action with a Fort Walton Beach, Fla., banking company has been terminated, the Federal Reserve said Tuesday. The central bank said it has terminated the action against Beach Community Bancshares, Inc., which […]
Eight removal and prohibition orders were among the 15 enforcement actions the federal bank deposit insurer took in July, the agency said Friday; three “section 19” orders, restoring the ability of individuals to engage in […]
A 2015 enforcement action with an Alabama bank holding company has been terminated, the Federal Reserve said Thursday. The three-year-old action was officially terminated Aug. 7. Under the enforcement action, Covenant Bancgroup, Inc., of Leeds, […]
A Kentucky bank must pay about $4.75 million in restitution to 11,000 of its customers for offering deposit add-on accounts, but not telling consumers that all of the products would have no charge related to […]
A civil money penalty (CMP) assessed against a Mississippi bank for failing to obtain flood insurance coverage on loans it made was among the enforcement actions taken in June, the Federal Deposit Insurance Corp. (FDIC) […]
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