With the OCC's publication of a $452K flood CMP against Citi today (the order was from Oct 10) this year's total is at $2.7 million in CMPs and the FDIC hasn't added this months contributions yet.
This is 61% more than in 2007 and is the highest since I've been tracking it in the last 12 years. Certainly the increase in the CMP fine itself is a major factor, but at the end of the day, lenders are still having problems.
My opinions are not necessarily my employers.
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell