OCC Fines Citibank More Than $17 Million for Violating the Flood Disaster Protection Act
January 22, 2020
January 22, 2020
WASHINGTON, Jan. 22 -- The U.S. Department of the Treasury's Comptroller of the Currency issued the following news release:
The Office of the Comptroller of the Currency (OCC) today announced a $17,998,510 civil money penalty against Citibank, N.A, of Sioux Falls, South Dakota, for violating the Flood Disaster Protection Act of 1973 (FDPA) and its implementing regulations.
The OCC found the bank engaged in a pattern or practice of violating 42 U.S.C. Sec. 4012a(e) and 1 . . .
The Office of the Comptroller of the Currency (OCC) today announced a $17,998,510 civil money penalty against Citibank, N.A, of Sioux Falls, South Dakota, for violating the Flood Disaster Protection Act of 1973 (FDPA) and its implementing regulations.
The OCC found the bank engaged in a pattern or practice of violating 42 U.S.C. Sec. 4012a(e) and 1 . . .