Bryn Mawr Trust Company pays flood penalty
The Federal Reserve Board has issued an Order of Assessment of a Civil Money Penalty Pursuant to the National Flood Insurance Act, as Amended, directing that the bank pay a penalty of $105,000 in connection with the bank's pattern or practice of violations of Regulation H, 12 C.F.R. § 208.25, which implements the requirements of the Act. The specific violations were not cited in the order.
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