Skip to content

Costly flood insurance violations

Can a flood civil money penalty cost six figures or more?

Yes, the OCC issued a $452,000 civil money penalty (CMP)against Citibank, N.A. on October 10, 2017, and the Federal Reserve issued a CMP against Sun Trust for $1.5 million on May 24, 2017.

Learn more about Susan Costonis’s webinar Flood Insurance Fundamentals – Passing the next Compliance Exam

First published on 09/15/2019

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics