News & Analysis as of

Cease and Desist Orders Regulatory Oversight Consent Order

Orrick, Herrington & Sutcliffe LLP

FDIC updates its enforcement code providing leeway in terminating orders

On September 8, the FDIC announced it had updated chapter four of its Formal and Informal Enforcement Actions Manual, on Cease-and-Desist Actions, revising the minimum standards for terminating cease-and-desist and consent...more

Kaufman & Canoles

Credit Union Client Alert – Wells Fargo Must Pay $250 Million Fine

Kaufman & Canoles on

The Office of the Comptroller of the Currency (OCC) issued a $250 million civil penalty against Wells Fargo Bank, NA for flaws in the bank’s home loan loss mitigation program. In addition, the OCC issued a cease-and-desist...more

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