By Adrianne Appel2024-05-24T17:39:00
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.
The OCC found unsafe and unsound practices at Comerica related to the bank’s risk governance framework and internal controls. At Lemont, the agency found similar deficiencies related to liquidity risk management and capital planning.
2024-04-19T17:49:00Z By Aaron Nicodemus
The Office of the Comptroller of the Currency cited three banks for unsafe and unsound business practices that mirror issues similar to what spurred last year’s banking crisis.
2024-02-15T21:00:00Z By Jeff Dale
The Office of the Comptroller of the Currency issued a cease-and-desist order against the former general counsel at Sterling Bank and Trust for not ensuring the institution’s Bank Secrecy Act compliance and failing to timely file suspicious activity reports.
2023-12-19T20:45:00Z By Kyle Brasseur
U.S. Bank agreed to pay nearly $36 million total in separate settlements with the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency for allegedly impeding consumers’ access to their unemployment benefits during the Covid-19 pandemic.
2025-10-21T18:11:00Z By Adrianne Appel
Eight auto insurers failed to meet the requirements of New York’s cybersecurity regulations during widespread online attacks in 2021 and will pay $19 million under consent orders with the New York State Department of Financial Services (NYDFS).
2025-10-21T17:13:00Z By Oscar Gonzalez
Canada is creating a new federal office to lead efforts against financial crime. The initiative marks the government’s most significant move yet to modernize its approach to fraud and money laundering.
2025-10-20T18:07:00Z By Adrianne Appel
Three executives of a multinational voting machine company in the crosshairs of President Donald Trump since 2020 have been indicted in Florida by the U.S. Department of Justice for allegedly paying $1 million in bribes to the Philippines top election official.
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