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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Prairie State Bank and Trust
Issued by FDIC
Gibsland Bank & Trust Company pays $9,600 Flood penalty
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The First State Bank of Dongola
Issued by FRB
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First Federal Savings & Loan Assn
Issued by OCC
Citibank, N.A.
Issued by OCC
U.S. Bank, National Association
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Colonial Savings, FA
Issued by OCC
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U.S. Bank NA paying $598M for BSA/AML failings
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Issued by FinCEN
FinCEN fines Lone Star National Bank $2 million
Issued by FinCEN
Merchants Bank of California, N.A.
Banamex bankers get CMPs and prohibitions
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TSB Bank pays CMP for CTR filing violations
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Banamex USA, Century City, CA
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Bank of Mingo, Williamson, West Virginia
First Bank of Delaware
U.S. Bancorp pays $15M for BSA/AML failures
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Mega International Commercial Bank pays $29M BSA penalty
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JPMorgan Chase Bank, N.A.
M&T Bank Corporation and Manufacturers & Traders Trust Company
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Fed fines Société Générale S.A. $81.3 million for OFAC violations
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