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Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.

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OCC enforcement order against MUFG Union Bank

On Monday, the OCC announced it had issued a cease and desist order against MUFG Union Bank, N.A., after finding unsafe or unsound practices regarding technology and operational risk management and noncompliance with the Interagency Guidelines Establishing Information Security Standards contained in Appendix B to 12 CFR Part 30.

The order requires the bank to improve longstanding technology and operational risk governance, technology risk assessments, internal controls, and staffing deficiencies to address the unsafe or unsound practices.

UPDATE: On September 21, The Seattle Times reported that U.S. Bancorp, holding company for U.S. Bank, has agreed to purchase Japanese-owned MUFG Union Bank for nearly $8 billion.

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