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Paramount Bank pays $85K for HMDA violations

Hazelwood, MO
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The FDIC issued Paramount Bank a consent order to pay a civil money penalty of $85,000, after a determination (which the bank neither admits nor denies) that the bank engaged or participated in violations of HMDA, 12 U.S.C. § 2803, and Regulation C, 12 C.F.R. §§ 1003.4, 1003.5, by reporting inaccurate data about its mortgage transactions for 2020 and 2021.

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