Rabobank, N.A. pays $58K FDPA penalty
The OCC has issued a CMP Order against Rabobank, N.A., of Roseville, California, for a pattern or practice of violations of the Flood Disaster Protection Act (FDPA) and its implementing regulations, specifically 12 C.F.R. § 22.3 (requirement to purchase flood insurance where available), 12 C.F.R. § 22.7 (forced placement of flood insurance), and 12 C.F.R. § 22.9 (notice of special flood hazards and availability of Federal disaster relief assistance).
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