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OCC's January list of enforcement actions

The Office of the Comptroller of the Currency has issued its January 2025 announcement of enforcement actions. Included were:

  • The previously announced Cease and Desist Order against Bank of America, N.A., for violations and unsafe or unsound practices related to the bank's BSA/AML and sanctions compliance programs
  • The previously announced Order of Prohibition and Order for Civil Money Penalty against Claudia Russ Anderson and Orders to Cease and Desist and Orders for Civil Money Penalty against David Julian and Paul McLinko, all former executives at Wells Fargo Bank, N.A.
  • An Order of Prohibition against Brian Hernandez, a former financial services representative at a Queens, New York, branch of TD Bank, N.A., Wilmington, Delaware, for accessing the accounts of two elderly bank customers and making unauthorized ATM withdrawals totaling at least $187,000
  • An Order of Prohibition against De'Anna Herrell, a former teller at and Atlanta, Georgia, branch of Wells Fargo Bank, N.A., Sioux Falls, South Dakota, for cashing a series of checks that she knew or had reason to know were fraudulent, resulting in a loss of at least $117,000 to the bank
  • An Order of Prohibition against Cassandra Meadows, a former lead customer service representative at a Plainfield, Indiana, branch of Fifth Third Bank, N.A., Cincinnati, Ohio, for misappropriating at least $15,000 from the bank’s vault and the accounts of three bank customers, including an elderly customer’s account
  • An Order of Prohibition against Nakyra Singletary, a former customer service and support representative at PNC Bank, N.A., Wilmington, Delaware, for providing confidential bank customer information to a third-party not employed by the bank, resulting in the misuse of customer information, fraud against bank customers, and a loss of at least $47,000 to the bank
  • An Order of Prohibition and Cease and Desist Order against David Wu, a former loan officer at Sterling Bank and Trust, FSB, Southfield, Michigan, and current mortgage broker. While employed as a loan officer at Sterling, Wu did not disclose that he originated loans for clients of his closely held mortgage brokerage company. As a mortgage broker, Wu also used fraudulent means, including making false statements, concealing or otherwise not disclosing his role and fees, impersonating both applicants and their purported employers, and providing fraudulent or falsified documents, to cause Citizens Bank, N.A., Providence, Rhode Island, to originate mortgage loans for his clients and himself.

The OCC also updated its enforcement actions search tool to allow users to search for enforcement actions issued since 2012 by subject matter and to easily view subject matters covered in those actions. This update provides additional transparency into and search capability for the contents of the public enforcement action database.

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