News & Analysis as of

Financial Institutions › Regulatory Requirements › Civil Monetary Penalty

Orrick, Herrington & Sutcliffe LLP

Fed announces two enforcement actions against banks

Orrick, Herrington & Sutcliffe LLP on

On March 20, the Fed announced two enforcement actions against banks last month. On February 24, the Fed issued a civil money penalty order against a state member bank in Hawaii. That bank agreed to pay a $15,500 penalty for...more

Orrick, Herrington & Sutcliffe LLP

FDIC releases December 2024 enforcement actions

Orrick, Herrington & Sutcliffe LLP on

On January 31, the FDIC released a list of 18 administrative enforcement actions taken against banks and individuals in December 2024. The public orders comprised 14 stipulated orders and written agreements (and one...more

Orrick, Herrington & Sutcliffe LLP

CFPB, OCC update their maximum civil money penalties

Orrick, Herrington & Sutcliffe LLP on

Recently, the CFPB and the OCC announced changes to their maximum civil money penalties published in the Federal Register to adjust for inflation as federal law requires. This year, the OCC’s changes affect penalties for...more

Keating Muething & Klekamp PLL

Corporate Transparency Act Update – FinCEN Issues Notice of Proposed Rulemaking

Keating Muething & Klekamp PLL on

On December 15, 2022, the Financial Crimes Enforcement Network (“FinCEN”) issued a Notice of Proposed Rulemaking (the “NPRM”) that would implement provisions of the Corporate Transparency Act (the “CTA”) regarding access to...more

4 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up Log in
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide