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#2035293 - 08/21/15 09:22 PM Flood CMP Big $
Andy_Z Offline
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Andy_Z
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I believe this is the largest flood CMP issued. It is certainly the largest I have seen at $1.1 million.

http://www.bankersonline.com/compliance/floodcmps.html

Pun intended, this is a drop in the bucket for BofA but I'm sure they'd rather not have to write this check anyway.
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Flood Compliance
#2035308 - 08/21/15 10:05 PM Re: Flood CMP Big $ Andy_Z
David Dickinson Offline
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David Dickinson
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Central City, NE
It's the largest I've seen too. Obviously, it's a CMP under the BWA of $2,000/violation and unlimited ceiling.
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#2036413 - 08/31/15 02:05 PM Re: Flood CMP Big $ Andy_Z
happyauditor Offline
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happyauditor
Joined: Nov 2004
Posts: 809
NY
I wish the enforcement actions would give more of a description of what they did wrong instead of being so general and vague.
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#2037602 - 09/08/15 09:35 PM Re: Flood CMP Big $ Andy_Z
Andy_Z Offline
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Andy_Z
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The agencies either don't want to show dirty laundry in these cases or want to allow others to benefit from the mistakes of those reviewed. Neither is a good answer to me.
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AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

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#2037631 - 09/09/15 01:12 PM Re: Flood CMP Big $ Andy_Z
John Burnett Offline
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John Burnett
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Cape Cod
The only reason that the agencies publish the Flood Act CMP orders is that Congress requires it.
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#2037728 - 09/09/15 06:16 PM Re: Flood CMP Big $ John Burnett
Ski Offline
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Joined: May 2003
Posts: 639
South Louisiana
This recent Flood CMP has a lot of information on the types of violations and number of loans for each type.

https://www5.fdic.gov/EDOBlob/Mediator.aspx?UniqueID=70b15fc9-95ea-4d8d-b5e6-94ebd20e0c87

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