Bank lenders fined for sharing customer info with new employer
The OCC has issued consent orders to cease and desist and to pay $5,000 civil money penalties to Jeffrey Wettstein, former director of west coast sales, and Michael Shara, former branch manager, of Barrington Bank and Trust Company, N.A., Barrington, Illinois.
Wettstein and Shara were found to have sent records related to actual or prospective bank customers to another financial institution where they had or intended to accept a position, and where two of those customers obtained loans. The records included confidential financial information such as social security numbers and payroll and financial account statements, sent in some cases by insecure email to a personal account, without the knowledge or consent of the customer.
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