The Treasury Department’s Office of the Comptroller of the Currency (OCC) reached agreements with two banks over concerns related to risk governance practices.

Michigan-based Comerica Bank & Trust and Illinois-based Lemont National Bank avoided penalties but accepted certain compliance undertakings in reaching agreements with the OCC announced Thursday.

Adrianne Appel writes regulatory news, policy, and trends for Compliance Week. She previously reported about policy developments for Bloomberg Law and Bloomberg Government. Email: adrianne.appel@complianceweek.com LinkedIn:...