Relevant:
- Chestatee State Bank gets cease and desist order from FDIC
- Colonial agrees to cease-and-desist order
- Moody's Gets "Wells Notice," SEC May Order Ratings Agency To "Cease And Desist"
- Update: First Federal Bank of CA Issued Cease & Desist
- Regulators to Order JPMorgan to Fix Anti-Laundering Flaws: Report
2013-01-12 — cbsnews.com
A cease and desist order is the harshest form of enforcement action that the OCC can issue. While the bank is not expected to pay a monetary penalty, the order could potentially limit the bank's business activities and strategic opportunities. Additionally, the bank will be required to enhance its monitoring and risk surveillance systems and procedures.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
