Bank of America said Thursday it was making progress in monitoring suspicious activity in customer accounts, which regulators penalized the bank for late last year. In December, the Office of the Comp ...

The firms got approvals from the Office of the Comptroller of the Currency and Board of Governors of the Federal Reserve ...

Michael Hsu, acting director of the Office of the Comptroller of the Currency, listens during a hearing with the Senate Banking Committee on Capitol Hill on May 18, 2023 in Washington, D.C. (Photo by ...

Bank of America must shore up its Bank Secrecy Act and sanctions compliance programs, according to a cease-and-desist order ...

Bank of America, Corp. BAC received a cease-and-desist order on Monday from the Office of the Comptroller of the Currency (“OCC”), addressing the deficiencies under the Bank Secrecy Act (BSA ...

The Office of the Comptroller of the Currency didn’t impose a fine in the settlement over sanctions compliance, suspicious activity monitoring and other alleged issues.

Bank of America (BofA) avoided a monetary penalty in agreeing to settle charges with the Treasury Department’s Office of the Comptroller of the Currency (OCC) but was ordered to shore up previously ...

Ebrima Santos Sanneh covers the Treasury, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency for American Banker. He is a native of Providence, R.I. and a 2020 graduate of ...

The Office of the Comptroller of the Currency has released Pacific National Bank from all regulatory enforcement action, the Miami-based bank announced on Monday. PNB entered into a consent order ...