share$447,125
Oriental Bank pays $447,125 for flood insurance violations
Issued by FDIC
Part 1022 - Fair Credit Reporting (Regulation V)
Reg Letter:
V
Issuing Agency:
Reg info:
Authority: 12 U.S.C. 5512, 5581; 15 U.S.C. 1681a, 1681b, 1681c, 1681c-1, 1681c-3, 1681e, 1681g, 1681i, 1681j, 1681m, 1681s, 1681s-2, 1681s-3, and 1681t; Sec. 214, Pub. L. 108-159, 117 Stat. 1952.Click HERE for a table of recent Federal Register and other documents affecting this regulation.
- Subpart A—General Provisions
- Sec. 1022.1 Purpose, scope, and model forms and disclosures.
- Sec. 1022.2 Examples
- Sec. 1022.3 Definitions
- Subpart B—[Reserved]
- Subpart C—Affiliate Marketing
- Sec. 1022.20 Coverage and definitions.
- Sec. 1022.21 Affiliate marketing opt-out and exceptions.
- Sec. 1022.22 Scope and duration of opt-out.
- Sec. 1022.23 Contents of opt-out notice; consolidated and equivalent notices.
- Sec. 1022.24 Reasonable opportunity to opt out.
- Sec. 1022.25 Reasonable and simple methods of opting out.
- Sec. 1022.26 Delivery of opt-out notices.
- Sec. 1022.27 Renewal of opt-out.
- Subpart D—Medical Information
- Sec. 1022.30 Obtaining or using medical information in connection with a determination of eligibility for credit.
- Sec. 1022.31 Limits on redisclosure of information.
- Sec. 1022.32 Sharing medical information with affiliates.
- Subpart E—Duties of Furnishers of Information
- Sec. 1022.40 Scope.
- Sec. 1022.41 Definitions.
- Sec. 1022.42 Reasonable policies and procedures concerning the accuracy and integrity of furnished information.
- Sec. 1022.43 Direct disputes.
- Subpart F—Duties of Users Regarding Obtaining and Using Consumer Reports
- Sec. 1022.50–1022.53—[Reserved]
- Sec. 1022.54 Duties of users making written firm offers of credit or insurance based on information contained in consumer files
- Sec. 1022.55–1022.59—[Reserved]
- Subpart G—[Reserved]
- Subpart H—Duties of Users Regarding Risk-Based Pricing
- Sec. 1022.70 Scope.
- Sec. 1022.71 Definitions.
- Sec. 1022.72 General requirements for risk-based pricing notices.
- Sec. 1022.73 Content, form, and timing of risk-based pricing notices.
- Sec. 1022.74 Exceptions.
- Sec. 1022.75 Rules of construction.
- Subpart I—Duties of Users of Consumer Reports Regarding Identity Theft
- Sec. 1022.80–1022.81—[Reserved]
- Sec. 1022.82 Duties of users regarding address discrepancies.
- Subparts J–L—[Reserved]
- Subpart M—Duties of Consumer Reporting Agencies Regarding Identity Theft
- Sec. 1022.120—[Reserved]
- Sec. 1022.121 Active Duty Alerts.
- Sec. 1022.122—[Reserved]
- Sec. 1022.123 Appropriate proof of identity.
- Sec. 1022.124-1022.129—[Reserved]
- Subpart N—Duties of Consumer Reporting Agencies Regarding Disclosures to Consumers
- Sec. 1022.130 Definitions.
- Sec. 1022.131-1022.135—[Reserved]
- Sec. 1022.136 Centralized source for requesting annual file disclosures from nationwide consumer reporting agencies.
- Sec. 1022.137 Streamlined process for requesting annual file disclosures from nationwide specialty consumer reporting agencies.
- Sec. 1022.138 Prevention of deceptive marketing of free credit reports.
- Sec. 1022.139—[Reserved]
- Subpart O—Miscellaneous Duties of Consumer Reporting Agencies
- Sec. 1022.140 Prohibition against circumventing or evading treatment as a consumer reporting agency.
- Sec. 1022.141 Reasonable charges for certain disclosures.
- Sec. 1022.142 Prohibition on inclusion of adverse information in consumer reporting in cases of human trafficking.
- Appendices
- Appendix A to Part 1022—[Reserved]
- Appendix B to Part 1022—Model Notices of Furnishing Negative Information
- Appendix C to Part 1022—Model Forms for Opt-Out Notices
- Appendix D to Part 1022—Model Forms for Firm Offers of Credit or Insurance
- Appendix E to Part 1022—Interagency Guidelines Concerning the Accuracy and Integrity of Information Furnished to Consumer Reporting Agencies
- Appendices F–G to Part 1022—[Reserved]
- Appendix H to Part 1022—Appendix H—Model Forms for Risk-Based Pricing and Credit Score Disclosure Exception Notices
- Appendix I to Part 1022—Summary of Consumer Identity Theft Rights
- Appendix J to Part 1022—[Reserved]
- Appendix K to Part 1022—Summary of Consumer Rights
- Appendix L to Part 1022—Standardized Form for Requesting Annual File Disclosures
- Appendix M to Part 1022—Notice of Furnisher Responsibilities
- Appendix N to Part 1022—Notice of User Responsibilities
- Appendix O to Part 1022 - Reasonable Charges for Certain Disclosures
- Federal Register documents affecting this regulation.
First published on:
01/20/2014
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Banker ToolsPenalties View All
$1,500
Spring Valley Bank pays $1,500 for flood insurance rules violations
Issued by FDIC
$13,000
CNB Bank pays $13,000 for flood insurance rules violations
Issued by FDIC
$80,500
Guaranty Bank and Trust pays $80,500 flood insurance penalty
Issued by FDIC
$2,000
Collins State Bank pays $2,000 for flood insurance violations
Issued by FDIC
$31,000
Opportunity Bank of Montana pays $31,000 for flood insurance violations
Issued by FRB
$70,000
First Interstate Bank pays $70,000 flood insurance penalty
Issued by FRB
$4,800
North Shore Bank of Commerce pays $4,800 for flood insurance violations
Issued by FRB
$9,600
Select Bank pays $9,600 for flood insurance violations
Issued by FRB
$2,945,500
Regions Bank pays $2.95M for flood insurance violations
Issued by FRB
$2,614,456
PNC Bank, NA, pays $2.6M for flood insurance violations
Issued by OCC
$3,620,000
Michigan bank pays $3.6 million for flood insurance penalties
Issued by OCC
$40,500
Washington Federal pays flood penalty
Issued by OCC
$193,105.50
The Federal Savings Bank pays $193K flood penalty
Issued by OCC
$382,500
USAA FSB pays $382,500 flood insurance penalty
Issued by OCC
$3 BILLION
TD Bank to pay $3 billion and restrict growth for BSA/AML deficiencies
$100,000
Former credit union BSA officer fined $100K for multiple BSA violations
Issued by FinCEN
$25 million
Shinhan Bank America fined $25M by FDIC, FinCEN, and NYSDFS
Issued by FDIC, FinCEN, State Agency
$15 million
Puerto Rican IBE pays $15M for willful BSA violations
Issued by FinCEN
$1,500,000
Kingdom Trust Company pays $1.5M BSA penalty
Issued by FinCEN
$600,000
Bank of Morton ordered to pay $600,000 for BSA violations
Issued by FDIC
$25 million
Shinhan Bank America fined $25M by FDIC, FinCEN, and NYSDFS
Issued by FDIC, FinCEN, State Agency
$7,500,000
Bancorp Bank pays BSA/AML penalty
Issued by FDIC
$225,000
California Pacific Bank to pay BSA/AML penalty
Issued by FDIC
$1,250,000
Alma Bank - BSA/AML penalty
Issued by FDIC
$3 BILLION
TD Bank to pay $3 billion and restrict growth for BSA/AML deficiencies
$29,478,676
Metropolitan Commercial Bank fined $29.5M for CIP and vendor risk deficiencies
Issued by FRB, State Agency
$55.4 million
National Bank of Pakistan pays $55.4M for AML violations
Issued by FRB, State Agency
$15 million
U.S. Bancorp pays $15M for BSA/AML failures
Issued by FRB
$29 million
Mega International Commercial Bank pays $29M BSA penalty
Issued by FRB, State Agency
$3 BILLION
TD Bank to pay $3 billion and restrict growth for BSA/AML deficiencies
$6,000,000
Sterling Bank and Trust FSB pays $6 million for failings
Issued by OCC
$9 million
CommunityBank of Texas fined for BSA/AML violations
$2,500,000
Washington Federal Bank pays $2.5M BSA/AML penalty
Issued by OCC
$39,000
NJ bank director and BSA officer pay for BSA violations
Issued by OCC
$38 million
Interactive Brokers LLC paying $38M for BSA/AML failures
$12,500,000
Bank of China NY Branch gets BSA fine
$1,300,000
Aegis Capital assessed $1.3 million for SAR filing failures
$16.5 million
FINRA fines Credit Suisse Securities $16.5M for AML faults
Issued by FINRA
$300,000
Albert Fried & Company pays for SAR failures
Issued by SEC
$20M plus $7.76M redress
CFPB orders TD Bank, N.A. to pay $27.76 million for credit reporting violations
Issued by CFPB
$7,452,501
State Street settles for $7.5M penalty with OFAC
Issued by OFAC
$6,097.72
Utah bank fined for failure to pay FDIC assessment
Issued by FDIC
$250,000,000
OCC fines JPMorgan Chase Bank, N.A. for inadequate monitoring
Issued by OCC
$98,167,980
Fed fines JPMorgan Chase & Co. $98.2M for inadequate monitoring
Issued by FRB