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M&T Bank pays $546,000 in flood penalties

Buffalo, NY
10/14/2020
Fine Amount: 
$546,000
Issued by: 

Manufacturers and Traders Trust Company, Buffalo, New York, has been issued a consent order of assessment of a civil money penalty of $546,000 by the Federal Reserve System, in accordance with the National Flood Insurance Act. The Federal Reserve Board found that the bank engaged in a pattern or practice of unspecified violations of Regulation H, 12 CFR § 208.25, which implements the requirements of the Act.

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