boy scout troops. You state that the Bank benefits considerably from the goodwill brought by this simple picnic area. Recently, the Bank leased a 20-acre portion of the [ ] tract to [ ] Company ( “Co.”). This leased 20-acre portion encompasses a small hill, …
OCC Issues Cease and Desist Order, Assesses $450 Million Civil …
Oct 10, 2024 · The Office of the Comptroller of the Currency (OCC) today announced a cease and desist order and a $450 million civil money penalty against TD Bank, N.A. and TD Bank USA, N.A. (bank), for deficiencies in the bank's Bank Secrecy Act (BSA) and anti-money laundering (AML) compliance program. Today's action also imposes a restriction on the growth of the bank and a measure designed to ensure that ...
OCC to Hold Virtual Hearing on Charges Against Saul Ortega and …
Jan 25, 2022 · The Office of the Comptroller of the Currency (OCC) today announced a public virtual hearing before an Administrative Law Judge beginning Monday, January 31, 2022. The OCC will litigate enforcement actions against two individuals formerly associated with First National Bank, Edinburg, Texas (closed): Saul Ortega, former Chief Financial Officer, Director, President, Chief Executive Officer, and ...
Symposium on the Tokenization of Real-World Assets and Liabilities
Feb 8, 2024 · The Office of the Comptroller of the Currency will host a symposium on the tokenization of real-world assets and liabilities February 8, 2024, at its headquarters in Washington, D.C. The agenda follows: Date: Thursday, February 8, 2024. Location: OCC Headquarters, Constitution Center, Washington, D.C. The Office of the Comptroller of the ...
Chief Counsel's Office | OCC - OCC.gov
Litigation. (202) 649-6300. Peter Koch. Director. Vacant. Assistant Director. The primary mission of the OCC's Chief Counsel's Office is to provide high quality and timely work in support of the agency's goals and strategic objectives.
OCC Announces Enforcement Actions for April 2024 | OCC
Apr 18, 2024 · Formal Agreement with Minnstar Bank, N.A., Lake Crystal, Minnesota, for unsafe or unsound practices, including those related to concentrations of credit, credit underwriting and administration, appraisals, allowance for credit losses, strategic planning, incentive compensation, capital planning, and liquidity risk management, and violations of ...
OCC Issues Enforcement Action Against Wells Fargo Bank
Sep 12, 2024 · WASHINGTON—The Office of the Comptroller of the Currency (OCC) today entered into a Formal Agreement with Wells Fargo Bank, N.A. The Formal Agreement identifies deficiencies relating to the bank’s financial crimes risk management practices and anti-money laundering internal controls in several areas including suspicious activity and ...
Truth in Lending | OCC
Oct 4, 2024 · Share This Page: The Truth in Lending Act (TILA) protects you against inaccurate and unfair credit billing and credit card practices. It requires lenders to provide you with loan cost information so that you can comparison shop for certain types of loans. For loans covered under TILA, you have a right of rescission, which allows you three days ...
OCC Announces Enforcement Actions for September 2024
Sep 19, 2024 · WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against national banks and federal savings associations (banks), and individuals currently and formerly affiliated with banks the OCC supervises. The OCC uses enforcement actions against banks to require the board of directors and ...
Appeal of Component Ratings, Matters Requiring Attention, and ...
The Ombudsman noted that the number and severity of the MRAs related to the bank's BSA program, asset quality, and information technology; the two BSA-related violations of law; and insufficient credit, compliance, and strategic risk management documented …