On February 20, the OCC released a list of recent enforcement actions against national banks, federal savings associations, and individuals affiliated with such entities (defined as institution-affiliated parties, or IAPs). The actions against banks included two formal agreements, six orders of prohibition against individuals, and one order terminating a cease and desist order against a bank, which “addressed unsafe or unsound practices in the bank’s enterprise-wide compliance risk management program and violations of law that resulted in consumer harm.”
