Paul McLinko served as the bank’s executive audit director during its 2016 fake-accounts scandal. He called the penalty “arbitrary, capricious, an abuse of discretion, and otherwise not in accordance ...

The trio had been previously charged by the OCC in 2020, alongside other former senior leadership of the bank, but had opted ...

Bank of America, Corp. BAC received a cease-and-desist order on Monday from the Office of the Comptroller of the Currency (“OCC”), addressing the deficiencies under the Bank Secrecy Act (BSA ...

Bank of America Corp. entered into a consent order with regulators for failing to file suspicious-activity reports on time and to correct a deficiency in its due-diligence processes that would ...

The Office of the Comptroller of the Currency said it intends to initiate cease and desist proceedings against Bank of America (BAC) “pursuant ...

The order did not include any monetary penalty for the bank. "The OCC took this action based on violations and unsafe or unsound practices relating to these programs, including a failure to timely ...

Each week, the Office of the Comptroller of the Currency or OCC shares a list of bank branches that will be closing in the coming months. Some of these bulletins include closures of several Bank ...