The Consumer Financial Protection Bureau said it has ended its Bank of America oversight related to the bank providing false mortgage lending information to the federal government from 2016 to 2021.

In 2021, OCC levied a $250-million fine on Wells Fargo related to the bank's home lending loss mitigation program and for failing to meet the requirements of a 2018 consent order.

Jeremy Kress, a former Fed banking regulator who is now a faculty director of the University of Michigan’s Center on Finance, Law and Policy, also noted that the order did not point to any ...

After the OCC announced a consent order against Bank of America (BAC) related to compliance with the Bank Secrecy Act, Citi says the firm does not view the announcement as a surprise, despite the ...

Bank of America (BAC) agreed to a consent order with the Officer of the Comptroller of the Currency Monday to correct deficiencies within its anti-money laundering practices. The second-largest U ...

Federal regulators have lifted the consent order that Lake Shore Savings Bank operated under for nearly two years, achieving a long-sought goal of the bank's CEO, Kim Liddell.

Compliance management systems, board oversight and concern about staffing levels are all issues that frequently appear in consent orders received by banks engaged in banking-as-a-service relationships ...

U.S. Bancorp made an $8 billion deal to acquire MUFG Union Bank in September 2021 and closed the transaction last December. Fifteen months after completing its acquisition of MUFG Union Bank, U.S.

FDIC Issues Consent Order Against Tennessee Bank by: Moorari Shah, A.J. S. Dhaliwal, Mehul N. Madia, Beineng Zhang of Sheppard, Mullin, Richter & Hampton LLP - Consumer Finance and Fintech Blog ...