Full Form of Bank OCC

Wells Fargo scandal: US bank regulator fines three former executives over fake accounts

The trio had been previously charged by the OCC in 2020, alongside other former senior leadership of the bank, but had opted not to settle.

Winston-Salem Journal · 3d

Wells Fargo fraudulent customer account scandal resurfaces with three more former executives drawing OCC fines

The fourth-quarter earnings report from Wells Fargo & Co. was overshadowed by the disclosure of three more former senior executives being fined a combined $18.5 million by the bank's federal

bankingdive · 1d

Wells Fargo ex-exec appeals $1.5M fine, OCC enforcement order

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 with law.

American Banker · 4d

OCC fines three former Wells Fargo executives a combined $18.5 million

The Office of the Comptroller of the Currency issued fines amounting to $18.5 million to three former Wells Fargo executives in response to unsafe sales practices from 2013 to 2016.

The Business Journals · 3d

Three more former Wells Fargo execs fined for sales practices scandal

Bank regulators say a new round of fines is the final enforcement action against former Wells Fargo executives after the sales practices scandal that came to light in 2016.

OCC initiates cease and desist proceedings against Bank of America over BSA

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

American Banker26d

OCC issues Bank of America cease-and-desist for AML lapses

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 ...

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