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#1947007 - 07/29/14 07:17 PM BOD Pay $1,000 each for compliance violations
Waterfall Offline
Member
Joined: Oct 2006
Posts: 96
PA
I have heard of 7 former or current Board of Director members personally fined $1,000 each for compliance violations. However, I cannot find out which bank it was to view the official order. Can anyone tell me what bank it was? Thanks!

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General Discussion
#1947027 - 07/29/14 07:37 PM Re: BOD Pay $1,000 each for compliance violations Waterfall
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
We reported in our July 21, 2014, Top Stories about 5 directors of a Kentucky Bank involved in some Reg O penalties, and in our June 23, 2014, Top Stories about 13 board members of a Utah bank getting dinged for failure to address earlier citations for RESPA violations.
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#1947178 - 07/30/14 12:50 PM Re: BOD Pay $1,000 each for compliance violations John Burnett
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
"Reputation risk" for the bank? Naah, "personal embarrassment risk" for the directors.
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In this world you must be oh so smart or oh so pleasant. Well, for years I was smart. I recommend pleasant.

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#1947180 - 07/30/14 12:58 PM Re: BOD Pay $1,000 each for compliance violations Waterfall
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
It is about time.
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Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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