There will be no hesitation in taking public enforcement action when appropriate against companies or individuals that abuse or scam consumers during the coronavirus crisis, the federal consumer financial protection agency warned Friday, and it […]
A former president and board director of Whitaker Bank Inc., of Lexington, Ky., has been barred from participating in the affairs of any federally insured financial institution and ordered to pay $30,000 in restitution to […]
Bank Hapoalim B.M. (BHBM), headquartered in Israel and operating in the United States, was assessed a $37.35 million civil money penalty (CMP) by the Federal Reserve Board Thursday over “unsafe and unsound practices” resulting in […]
Civil money penalties (CMPs) against two bank-affiliated individuals, related to findings of unsafe or unsound practices and breaches of fiduciary duty, are among the 13 administrative (enforcement) actions taken in March and disclosed Friday by […]
A September 2013 consent order with SunSouth Bancshares Inc., of Dothan, Ala., was terminated this April 7, the Federal Reserve Board announced Tuesday. The consent order, which involved the Atlanta Federal Reserve Bank and the […]
Formal agreements with two bank holding companies that required the firms to get prior regulator approval of dividend payments, stock redemptions, capital plans and senior management changes were terminated over the past two weeks by […]
Four enforcement orders covering activities from Bank Secrecy Act deficiencies to violations in the foreign exchange markets were terminated by the Federal Reserve Board this month, the Fed announced Thursday. The terminated actions included: a […]
A former teller and vault custodian of Farmers & Merchants Bank (Baldwin, Miss.) was barred from future work in banking and ordered to pay a combined $30,331.27 in restitution and fine over allegedly embezzling hundreds […]
The former chief executive officer of Wells Fargo Bank, N.A. (Sioux Falls, S.D.) and seven others will have to pay a combined $58.5 million in civil money penalties under charges and orders citing their failure […]
Two of three individuals working at JPMorgan Chase Bank, N.A., who were indicted in August of commodities fraud involving precious metals trading have been suspended from their positions at the bank and barred from any […]
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