OCC enforcement actions manual released

The OCC's Bulletin 2018-41 was issued Tuesday to announce the agency's Policies and Procedures Manual, Institution-Affiliated Party Enforcement Actions and Related Matters. This manual generally sets forth the OCC’s existing policies and procedures for taking enforcement actions against a current or former institution-affiliated party (IAP) in response to violations of laws, regulations, final agency orders, conditions imposed in writing, or written agreements; unsafe or unsound practices; or breaches of fiduciary duty. The OCC also updated its policies and procedures manuals (PPMs) regarding bank enforcement actions and related matters and civil money penalties, primarily to ensure consistency with its policies and procedures for enforcement actions against IAPs. These PPMs are effective upon issuance.

This bulletin rescinds OCC Bulletin 2016-5, Civil Money Penalties, issued February 26, 2016, and OCC Bulletin 2017-48, Bank Enforcement Actions and Related Matters, issued October 31, 2017.

• PPM 5000-7, Civil Money Penalties
• PPM 5310-3, Bank Enforcement Actions and Related Matters
• PPM 5310-13, Institution-Affiliated Party Enforcement Actions and Related Matters