USAA Federal Savings Bank has been hit with its third cease and desist order from the Treasury Departmentโ€™s Office of the Comptroller of the Currency (OCC) in the past five years for failing to correct unsafe and unsound banking practices.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...