Schnall v. Amboy National Bank
The U.S. Court of Appeals for the 3rd Circuit held that TISA/APY violations resulted from the way a financial institution disclosed a rate that was only applicable for a portion of the year. The Court ruled the rate in question should have been advertised as a single composite rate based on a one-year term, calculated by applying the reduced introductory rate for the period of time it was applicable and then applying the variable rate for the remaining portion of the year.
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$9,600
Gibsland Bank & Trust Company pays $9,600 Flood penalty
Issued by FDIC
$10,800
Southwest Capital Bank pays $10,800 flood penalty
Issued by FDIC
$7,000
Bank of Holly Springs pays $7K in flood penalties
Issued by FDIC
$5,000
Sussex Bank pays $5,000 Flood Act penalty
Issued by FDIC
$10,100
Crest Savings pays flood violation penalty
Issued by FDIC
$49,000
MyBank pays $49K for flood violations
Issued by FRB
$15,000
The First State Bank of Dongola
Issued by FRB
$16,000
BoNY Mellon pays $16,000 for flood violations
Issued by FRB
$12,000
Bank of Fayette County pays flood insurance penalty
Issued by FRB
$14,000
Clear Mountain Bank pays $14,000 Flood Act penalty
Issued by FRB
$207,245.00
PNC Bank, NA pays for flood violations
Issued by OCC
$35,000
First Federal Savings & Loan Assn
Issued by OCC
$452,000
Citibank, N.A.
Issued by OCC
$183,920
U.S. Bank, National Association
Issued by OCC
$87,500
Colonial Savings, FA
Issued by OCC
$15 million
UBS Financial paying $15M for AML failures
$598 million
U.S. Bank NA paying $598M for BSA/AML failings
$8 million
Artichoke Joe's Casino to pay $8M BSA/AML CMP
Issued by FinCEN
$2 million
FinCEN fines Lone Star National Bank $2 million
Issued by FinCEN
$7 million
Merchants Bank of California, N.A.
$190,000
Banamex bankers get CMPs and prohibitions
Issued by FDIC
$40,000
TSB Bank pays CMP for CTR filing violations
Issued by FDIC
$140M
Banamex USA, Century City, CA
Issued by FDIC
$4.5M
Bank of Mingo, Williamson, West Virginia
$15M
First Bank of Delaware
$15 million
U.S. Bancorp pays $15M for BSA/AML failures
Issued by FRB
$29 million
Mega International Commercial Bank pays $29M BSA penalty
Issued by FRB, State Agency
$41 million
Deutsche Bank AG to pay $41M penalty for AML deficiencies
Issued by FRB
2.05B
JPMorgan Chase Bank, N.A.
Written Agreement
M&T Bank Corporation and Manufacturers & Traders Trust Company
Issued by FRB
$100 million
Capital One CMP for BSA/AML deficiencies
Issued by OCC
$100,000
Former private banker banned and fined $100K for AML violations
Issued by OCC
$50,000
Gibraltar Private Bank execs get BSA CMPs
Issued by OCC
$5,000
Former Carson, CA bank director fined $5,000
Issued by OCC
$70,000
Former bank EVP/director banned and fined
Issued by OCC
$12,500,000
Bank of China NY Branch gets BSA fine
$1,300,000
Aegis Capital assessed $1.3 million for SAR filing failures
$16.5 million
FINRA fines Credit Suisse Securities $16.5M for AML faults
Issued by FINRA
$300,000
Albert Fried & Company pays for SAR failures
Issued by SEC
$17 million
Brokers to pay $17 million for AML failures
Issued by FINRA
$53,966,916.05
Société Général S.A. settles with OFAC for $54 million
Issued by OFAC
$81.3 million
Fed fines Société Générale S.A. $81.3 million for OFAC violations
Issued by FRB
$5,263,171
Chase settles OFAC allegations for $5.3 million
Issued by OFAC
$5,000
SC banker fined and banned for fraudulent lending
Issued by FDIC
$50,000
Florida banker banned and fined $50K
Issued by FDIC
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