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OVERVIEW

Sullivan & Cromwell’s Banking Enforcement Actions Tracker—or BEAT—is a web-based tool that aggregates and displays data pertaining to significant enforcement actions from January 1, 2008 to the present against banking organizations by the federal banking agencies, the New York State Department of Financial Services, and select other federal and state agencies. In addition, the BEAT displays data regarding significant civil and criminal actions taken by the Department of Justice against banking organizations since January 1, 2001. The BEAT permits users to directly search and sort the actions based on key factors of interest and using search terms, and provides important summary information about each action, thus making unnecessary the labor-intensive manual searches and reviews that, until now, have been required to compile meaningful information about enforcement actions.

There are two versions of the BEAT: a limited version, which is publicly available, and a full version, which is available to clients of Sullivan & Cromwell and offers additional features as outlined below:

The BEAT’s development and broad availability demonstrate Sullivan & Cromwell’s ongoing commitment to adding value for our clients with banking regulatory needs.

Sullivan & Cromwell intends to regularly update the BEAT and welcomes feedback on the tool. Clients interested in access to the full version are encouraged to contact any Sullivan & Cromwell partner you work with.

Last Updated: November 12, 2018

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INSTITUTION

DATE

AGENCY

ACTION

PENALTY

CATEGORY OF CONDUCT

LOOKBACK

REDRESS

RELEASE

LOOKBACK REDRESS RELEASE

CapitalOne, N.A. and CapitalOne Bank (USA), N.A.

October 23, 2018

OCC

Consent Order (CMP)

$100,000,000

BSA/AML

No No Yes

LOOKBACK: No

REDRESS: No

RELEASE: Yes

Violations Cited:
12 C.F.R. § 21.11 (SARs)
12 C.F.R. § 21.21 (BSA Program)
12 U.S.C. § 1818(s) (BSA Program)
31 C.F.R. § 1010.410 (Financial Institution Records)

1st Financial Bank USA
Aargauische Kantonalbank
Achieve
Advanta Bank Corp.
Agricultural Bank of China Limited
AIG
Ally
American Express
Amerisave
ARVEST Privatbank AG
Aurora Bank FSB
Balboa Insurance Company
Banca Credinvest S.A.
Banca dello del Cantone Ticino
Banca Intermobiliare di Investimenti e Gestioni SpA.
Banco Espirito Santo
Banco Industrial De Venezuela
BancorpSouth
Bank EKI Genossenschaft
Bank J. Safra Sarasin AG
Bank La Roche & Co. AG
Bank Leumi
Bank Lombard Odier & Co. Ltd.
Bank of America
Bank of China
Bank of Mingo
Bank of Montreal
Bank of the West
Banque Bohhote & Cie S.A.
Banque Cantonale du Jura S.A.
Banque Cantonale du Valais
Banque Cantonale du Vaudoise
Banque Cantonale Neuchâteloise
Banque Heritage SA
Banque Internationale à Luxembourg (Suisse) S.A.
Banque Pasche
Barclays
Basler Kantonalbank
Baugenossenschaft Schönau Zürich
Baumann & Cie, Banquiers
BB&T
BBVA
BBVA Compass
Berner Kantonalbank AG
Black Knight Financial Services
Blue Global LLC
BNP Paribas
Bordier & CIE
Broadway Bancshares, Inc.
BTMU
Canadian Imperial Bank of Commerce
Capital One
CapitalOne
CIT Group, Inc.
Citigroup
Cole Taylor Bank of Chicago
Columbia Bank
Columbus Bank and Trust Company
CommerceWest Bank
Commerzbank
CommunityOne Bancorp
Compagnie de l'Occident pour la Finance et l'Industrie S.A.
Compass Bank
CompuCredit Corporation
Corner Banca SA
Credit Agricole S.A.
Credit Suisse
Credito Privato Commerciale in liquidazione S.A.
Cross River Bank
Crédit Mutuel
Dar Al-Maal Al-Islami Trust
Deloitte Touche Tohmatsu Limited
Delta North Bancorp Inc.
Deutsche Bank
Discover
Doha Bank
Dreyfus Sons & Co. Ltd. Banquiers
DZ Privatbank
E. Gutzwiller & Cie, Banquiers
Edmond de Rothschild Group
EFG International
Ersparniskasse Schaffhausen AG
Eurobank
EverBank
Falcon Private Bank Ltd.
Farmers Exchange Bancorp.
Fay Servicing
Fifth Third Bank
Finacor SA
First Bank & Trust Brookings, South Dakota
First Bank of Delaware
First California Bank
First Horizon
First Investors
First National
First National of Nebraska
First Niagara Financial Group, Inc.
Flagstar Bank
FNB Bank
Fortress Investment Group
Freedom Financial Asset Management
Freedom Mortgage Corporation
Fulton Financial Corporation
Future Income Payments LLC
GE Capital
Gibraltar Private Bank and Trust Company
Global Client Solutions
Goldman Sachs
Gonet & Cie
Graubunder Kantonalbank
Green Tree Servicing
Habib Bank
Habib Bank AG Zurich
Higher One, Inc.
Honda
HSBC
HSH Nordbank
Huntington
Hypothekarbank Lenzburg AG
IHAG Holding AG
IMB HoldCo
Industrial and Commercial Bank of China
Industrial Bank of Korea
ING Group
Intesa Sanpaolo S.p.A.
JPMorgan Chase
Keybank
Landesbank Baden-Württemberg
Lender Processing Services, Inc.
Leodan Privatbank AG
Liechtensteinische Landesbank AG
Lloyds Banking Group
Lone Star
Luzerner Kantonalbank AG
M&T Bank
Maerki Baumann Holding AG
Mashreqbank, psc
MediBank AG
Mega Financial Holding Company
Mercantil Bank (Schweiz) AG
Merchants Bank of California, N.A.
Merrick Bank
MetLife
Mid America Bank
Migros
Monterey County Bank
Morgan Stanley
National Bank of Pakistan
Navy Federal Credit Union
New Day Financial LLC
Nidwaldner Kantonalbank
Nonghyup Bank
Northern Trust Corp.
Ocean Bank
Ocwen
Oddo et Cie
OneWest Bank
Pacific National Bank
Pamrapo Savings Bank
PBZ Verwaltungs AG
Peoples Bank
PHH Corporation
Philippine National Bank
Piguet Galland & Cie S.A.
PNC
Popular, Inc.
Precision Capital
Privatbank Bellerive AG
Privatbank Reichmuth & Co.
Privatbank Von Graffenried AG
Prospect Mortgage LLC
QBE Insurance Group Limited
Rabobank
Regions Bank
Rothschilds Continuation Holdings AG
Royal Bank of Canada
Royal Bank of Scotland
RPM Mortgage
Saddle River Valley Bank
Sallie Mae
Santander
SB Saanen Bank AG
Schaffhauser Kantonalbank
Schroders plc
SCOBAG Privatbank AG
Societe Generale
Societe Generale Bank & Trust S.A.
Société Générale
Sovereign Bank
St.Galler Kantonalbank
Standard Chartered Bank
State Street
Stearns Bank
SunTrust
Swineford
Swiss Post
Synchrony Bank
TCF National Bank
TD Bank
The Bancorp Bank
The Bancorp Bank
The Bank of New York Mellon
The Royal Bank of Scotland
TransUnion
U.S. Bank
UBS
UniCredit Bank AG
Union Bancaire Privee
UniRush Financial Services
United Bank for Africa
Valiant Holding
Vontobel Holding AG
Wells Fargo
Western Union
WEX Bank
Woodforest National Bank
World's Foremost Bank
ZGKB Kantonalbank
Zions First National Bank

Amendment to Previous Order
Complaint
Consent Judgment
Consent Order
Consent Order (C&D)
Consent Order (CMP & C&D)
Consent Order (CMP)
Deferred Prosecution Agreement
Finding of Violation
Formal Agreement
Guilty Plea
Non-Prosecution Agreement
Order of Assessment of a Civil Monetary Payment
Plea Agreement
Settlement Agreement
Stipulated Final Judgment
Stipulated Final Judgment and Consent Order
Stipulation and Order of Settlement
Stipulation and Order of Settlement and Dismissal
Stipulation and Order of Settlement and Dismissal with Prejudice
Supplemental Consent Order
Written Agreement

New York State Banking Law § 641 (License requirement)
12 C.F.R. § 1003 (Regulation C of the Home Mortgage Disclosure Act)
12 C.F.R. § 1005 (Regulation E of the Electronic Funds Transfer Act)
12 C.F.R. § 1005.17 (Requirements for Overdraft Services)
12 C.F.R. § 1022.42(a) (Policies and Procedures for Furnished Information)
12 C.F.R. § 1024.38 (General Servicing Policies, Procedures, and Requirements)
12 C.F.R. § 1026 (Regulation Z of the Truth in Lending Act)
12 C.F.R. § 1026.59(a) (Reevaluation of rate increases)
12 C.F.R. § 1026.59(b) (Policies and procedures on the reevaluation of rate increases)
12 C.F.R. § 1030 (Regulation DD of the Truth in Savings Act)
12 C.F.R. § 163.177 (BSA Program)
12 C.F.R. § 163.180 (SARs)
12 C.F.R. § 208.25 (Loans in Special Flood Hazard Areas)
12 C.F.R. § 21.11 (SARs)
12 C.F.R. § 21.21 (BSA Program)
12 C.F.R. § 211.24 (Approval of Offices of Foreign Banks)
12 C.F.R. § 211.24(d) (Permissible Activities of Representative Offices)
12 C.F.R. § 211.24(f) (BSA Program)
12 C.F.R. § 211.24(j) (BSA Program)
12 C.F.R. § 211.605 (Permissible Underwriting Activities of Foreign Banks)
12 C.F.R. § 22.10 (Notice of Servicer's Identity in Special Flood Hazard Areas)
12 C.F.R. § 22.3(a) (Requirement to Purchase Flood Insurance)
12 C.F.R. § 22.7(a) (Notice and Purchase of Flood Insurance Coverage)
12 C.F.R. § 225.4(a) (Bank Holding Company Policy and Operations)
12 C.F.R. § 225.4(f) (SARS)
12 C.F.R. § 226.9 (Truth in Lending Disclosure Requirements)
12 C.F.R. § 252.33(a)(2) (Adequate Risk-Management Framework)
12 C.F.R. § 326.8 (BSA Program)
12 C.F.R. § 353.1-353.3 (SARs)
12 C.F.R. § 5.39(g) (Financial Subsidiaries of a National Bank)
12 C.F.R. § 563.177 (BSA Program)
12 C.F.R. § 563.180(d) (SARs)
12 U.S.C § 5536 (Prohibited Acts)
12 U.S.C. § 1818(s) (BSA Program)
12 U.S.C. § 1829(b) (BSA-Recordkeeping)
12 U.S.C. § 1843 (Interests in Nonbanking Organizations)
12 U.S.C. § 1844(c) (Reports and Examinations of Bank Holding Companies)
12 U.S.C. § 24a (Financial Subsidiaries of National Banks)
12 U.S.C. § 29 (Possession of Real Estate by a National Bank)
12 U.S.C. § 3107(a) (Approval of Representative Offices of Foreign Banks)
12 U.S.C. § 481 (Examination of Financial Institutions)
12 U.S.C. §§ 1951-1959 (BSA-Uninsured Financial Institutions)
12 U.S.C. §§ 371c, 371c-1 (Transactions with Affiliates)
12 U.S.C. §§ 5531(d)(1) (Interfering with ability of a consumer to understand the terms of a financial product)
12 U.S.C. §§ 5531, 5536 (Unfair, Deceptive or Abusive Acts and Practices/UDAAP)
15 U.S.C. § 1 (Combinations in Restraint of Trade)
15 U.S.C. § 45(a) (Unfair or Deceptive Acts and Practices/UDAP)
18 U.S.C. § 1014 (False Statements to Financial Institutions)
18 U.S.C. § 1341 (Mail Fraud)
18 U.S.C. § 1342 (Fictitious Name or Address)
18 U.S.C. § 1343 (Wire Fraud)
18 U.S.C. § 1344 (Financial Institutions Fraud).
18 U.S.C. § 1517 (Obstructing Examination of Financial Institution)
18 U.S.C. § 1708 (Theft or Receipt of Stolen Mail Matter)
18 U.S.C. § 1956 (Money Laundering)
18 U.S.C. § 1957 (Money Laundering)
18 U.S.C. § 2 (Aiding and Abetting)
18 U.S.C. § 371 (Conspiracy to Defaud the United States)
18 U.S.C. § 371 (General Conspiracy)
18 U.S.C. § 641 (Public Money, Property, or Records)
24 C.F.R. § 28 (Remedies for False Claims or Statements)
26 U.S.C. § 7201 (Attempt to Evade or Defeat Tax)
26 U.S.C. § 7206(2) (Fraud and False Statements)
26 U.S.C. § 881(a)(1) (Tax on Income of Foreign Corporations)
3 NYCRR § 410.1 (Mortgage Banking License)
3 NYCRR § 116.2 (AML Program)
3 NYCRR § 3.1 (False Entries)
3 NYCRR § 300.1 (Reporting of Crimes)
3 NYCRR § 38.3 (Application Disclosures and Procedures)
3 NYCRR § 38.7 (Prohibited Conduct of Mortgage Brokers)
3 NYCRR § 406.3(g) (Conduct of Money Transmitters)
3 NYCRR § 417.2 (AML Program for Licensed Check Cashers and Money Transmitters)
3 NYCRR § 420.18 (Duties of Originating Entity)
3 NYCRR § 420.20 (Prohibited Conduct)
31 C.F.R. § 1010.311 (CTRs)
31 C.F.R. § 1010.313 (Aggregation of CTRs)
31 C.F.R. § 1010.320 (SARs)
31 C.F.R. § 1010.410 (Financial Institution Records)
31 C.F.R. § 1010.610 (Due Diligence for Foreign Correspondent Accounts)
31 C.F.R. § 1010.630(a) (Prohibition on Correspondent Accounts for Foreign Shell Banks)
31 C.F.R. § 1020.210 (BSA Program)
31 C.F.R. § 1020.220 (Customer Identification Program)
31 C.F.R. § 1020.320 (SARs)
31 C.F.R. § 1022.210 (AML Program)
31 C.F.R. § 103 (Recordkeeping and Reporting)
31 C.F.R. § 103.120 (BSA Program)
31 C.F.R. § 103.176 (Due Diligence for Foreign Correspondent Accounts)
31 C.F.R. § 103.18 (SARs)
31 C.F.R. § 103.22 (CTRs)
31 C.F.R. § 542 (Syrian Sanctions Regulations)
31 C.F.R. § 544 (Weapons of Mass Destruction Proliferators Sanctions Regulations)
31 C.F.R. § 544.201 (Prohibited Transactions Involving Blocked Property)
31 C.F.R. § 560.203 (Evasions of the Iranian Transactions Regulations)
31 C.F.R. § 560.204 (Prohibited Exportation, Reexportation, Sale, or Supply of Goods, Technology or Services to Iran)
31 C.F.R. § 593.201 Former Liberian Regime of Charles Taylor-Prohibited Transactions Involving Blocked Property)
31 C.F.R. § 598 (Foreign Narcotics Kingpin Sanctions Regulations)
31 C.F.R. § 598.203 (Foreign Narcotics Kingpin Sanctions Regulations-Holding of Blocked Funds in Interest-Bearing Accounts)
31 C.F.R. Chapter V (OFAC Regulations)
31 C.F.R. Chapter X (FinCEN Regulations)
31 U.S.C §§ 5318(a)(2) (AML Program)
31 U.S.C. § 5313 (CTRs)
31 U.S.C. § 5314 (Records and Reports on Foreign Financial Agency Transactions)
31 U.S.C. § 5318(g) (SARs)
31 U.S.C. § 5318(h) (BSA Program)
31 U.S.C. § 5318(i) (Due Diligence for Foreign Correspondent Accounts)
42 U.S.C. § 1320a-7a (Civil Monetary Penalties for Entitlement Fraud)
Article 23-A of the General Business Law of the State of New York/Martin Act
Bank Secrecy Act, 31 U.S.C. §§ 5311 et seq.
Bankruptcy Code and Federal Rules of Bankruptcy Procedure
Bankruptcy Rule 9011 (Signing of Papers)
Burmese Sanctions Regulations, 31 C.F.R. § 537
California State Business and Professions Code §§ 17200 et seq. (Unfair Competition)
Consumer Financial Protection Act of 2010, 12 U.S.C. § 5536
Contract Disputes Act, 41 U.S.C. § 601 et seq.
Cuban Assets Control Regulations, 31 C.F.R. § 515
Electronic Fund Transfer Act, 15 U.S.C. §§ 1693 et seq.
Electronic Signatures in Global and National Commerce Act, 15 U.S.C. § 7001
Equal Credit Opportunity Act, 15 U.S.C. § 1691(a)(1) (Prohibition of Discrimination)
Equal Credit Opportunity Act, 15 U.S.C. §§ 1691 et seq.
Executive Order 13382 (Prohibited Transactions Involving Designated Persons)
Executive Order 13448 (Burmese Sanctions)
Fair Credit Reporting Act, 15 U.S.C. §§ 1681 et seq.
Fair Debt Collection Practices Act, 15 U.S.C. §§ 1692 et seq.
Fair Housing Act, 42 U.S.C. §§ 3601 et seq.
False Claims Act, 31 U.S.C. §§ 3729 et seq.
False Claims Act, 31 U.S.C. §§ 3729-3733
FDIC Rules and Regulations, 12 C.F.R. § 339 (Loans in Areas having Special Flood Hazards)
Financial Institutions Reform, Recovery, and Enforcement Act ("FIRREA"), 12 U.S.C. § 1833a (Civil Penalties)
Home Mortgage Disclosure Act, 12 U.S.C. § 2801 et seq.
Injunctions Against Fraud Act, 18 U.S.C. § 1345
International Emergency Economic Powers Act of 1977, 50 U.S.C. §§ 1701-1705
International Emergency Economic Powers Act, 50 U.S.C. §§ 1701 et seq.
Iranian Transactions Regulations, 31 C.F.R. § 560
Libyan Sanctions Regulations, 31 C.F.R. § 550
Maryland Consumer Protection Act, Md. Code Ann., Com. Law §§ 13-101 et seq.
Mortgage Acts and Practices Rule, 16 C.F.R. § 321
National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, 42 U.S.C. § 4012a(f)(2)
National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, 42 U.S.C. §§ 4001, et seq.
New York Civil Practice Law and Rules, Rule 6511 (Document Retention)
New York Financial Services Law § 408 (Financial frauds prevention civil penalty)
New York Real Property Action and Proceedings Law Section 1304 (Required Prior Notices)
New York Real Property Action and Proceedings Law Section 1306 (Filings with Superintendent)
New York Real Property Action and Proceedings Law Section 1355 (Report of Sale)
New York Real Property Law Section 254 (Construction of clauses and covenants in mortgages)
New York Real Property Law Section 254-b.1 (Limitation on Late Charges)
New York Real Property Law Section 275 (Certificate of Discharge Requirement)
New York Real Property Law Section 406 (Municipal Corporations)
New York Real Property Law Section 418 (Assignment of Mortgage, Lease, Lien, or Other Charge)
New York State Banking Law § 10 (Unsafe and Unsound Practices)
New York State Banking Law § 104 (Maintenance of Books, Accounts and Records)
New York State Banking Law § 14-a (Maximum interest rate)
New York State Banking Law § 200-c (Maintenance of Books, Accounts and Records)
New York State Banking Law § 340 (License Requirement)
New York State Banking Law § 36(10) (Examinations)
New York State Banking Law § 38.7(1) (Application Disclosures and Procedures)
New York State Banking Law § 44 (Failure to Make Reports)
New York State Banking Law § 44 (Unsafe and Unsound Practices)
New York State Banking Law § 593 (License Provisions of Mortgage Brokers and Bankers)
New York State Banking Law § 595 (Regulation of Mortgages Brokers and Bankers)
New York State Banking Law § 595-a(1)(c) (Regulation of Mortgage Brokers and Bankers)
New York State Banking Law § 597 (Books and Records)
New York State Banking Law § 599-c (Licenses)
New York State Banking Law § 672 (Falsification of Books, Reports, or Statements)
New York State Banking Law §§ 6-M (2)(j) and 6-M(5) (Improper Issuance of Subprime Home Loans)
New York State Banking Law Article 12-D (Licensed Mortgage Brokers and Bankers)
New York State Banking Law Article 12-E (Licensed Mortgage Loan Originators)
New York State Executive Law § 63(12)
New York State General Obligations Law § 5-501 (Usury limits)
New York State Insurance Law § 1102 (Insurer's License Requirement)
New York State Insurance Law § 2102 (Acting Without a License)
New York State Insurance Law § 2117 (Acting for or Aiding Unauthorized Insurers)
New York State Insurance Law § 2303 (Standards for Rates)
New York State Insurance Law § 2324 (Rebating and Discrimination)
New York State Insurance Law § 2403 (UDAP)
New York State Penal Law § 175.35 (Offering False Instrument for Filing)
New York State Penal Law § 195.05 (Obstructing Governmental Administration)
New York State Penal Law Sections 175.05, 175.10 (Falsifying Business Records)
Part 38 of the General Regulations of the Banking Board (Definitions Of Terms; Advertising; Application And Commitment Disclosures And Procedures; Improper Conduct Under Article 12-D)
Program Fraud Civil Remedies Act, 31 U.S.C. §§ 3801 et seq.
Racketeer Influenced and Corrupt Organizations Act, 18 U.S.C. §§ 1961 et seq.
Real Estate Lending and Appraisals, 12 C.F.R. § 34
Real Estate Settlement Procedures Act, 12 U.S.C. §§ 2601 et seq.
Regulation B, 12 C.F.R. § 1002
Regulation B, 12 C.F.R. § 202
Regulation H, 12 C.F.R. § 208.62 et seq. (SARS)
Regulation V, 12 C.F.R. §§ 1022.42 a-c (Accuracy and Integrity Furnished Information)
Regulation X, 12 C.F.R. § 1024.41 (Loss Mitigation Procedures)
Regulation Y, 12 C.F.R. § 225
Risk-Based Capital Guidelines-Market Risk, 12 C.F.R. § 3, App. B
Section 619, Dodd-Frank Wall Street Reform and Consumer Protection Act (Volcker Rule)
Section 626, Omnibus Appropriations Act, 2009 (P.L. 111-8)
Servicemembers Civil Relief Act, 50 U.S.C. App. §§ 501 et seq.
Sudanese Sanctions Regulations, 31 C.F.R. § 538
Superintendent's Regulations § 38.7 (Prohibited Advertising Conduct of Mortgage Brokers and Bankers)
Superintendent's Regulations § 408.2 (Statement of reasons for rejection)
Superintendent's Regulations § 410 (Mortgage Banking Requirements)
Superintendent's Regulations § 410.7 (Books, records, and annual reports of Mortgage Brokers and Bankers)
Superintendent's Regulations § 419 (Servicing Mortgage Loans)
Superintendent's Regulations § 419.10 (Mortgage Servicer Fee Regulations)
Superintendent's Regulations § 419.12 (Quarterly Reporting of Mortgage Servicers)
Superintendent's Regulations § 420 (Mortgage Loan Originators)
Telemarketing Sales Rule, 16 C.F.R. § 310
Tom Lantos Block Burmese JADE (Junta’s Anti-Democratic Efforts) Act of 2008, Pub. L. 110-286
Trading with the Enemy Act of 1917, 50 U.S.C. App. §§ 5, 16
Truth in Lending Act, 15 U.S.C § 1665c
Truth in Lending Act, 15 U.S.C. §§ 1601 et seq.
Truth in Savings Act, 12 U.S.C. §§ 3201 et seq.
Truth in Savings Act, 12 U.S.C. §§ 4301 et seq.
Unsafe and Unsound Practices
Unspecified
Unspecified State "UDAP" Statutes
Unspecified State and Federal Antitrust Laws
Unspecified State Consumer Protection Laws
Unspecified State False Claims Statutes
Unspecified State Fraud Statutes
Unspecified State Securities Laws
Violation of Prior Order

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RESULTS (48 of 400+ | Log In to See More) SORT BY: INSTITUTION DATE AGENCY ACTION PENALTY CATEGORY OF CONDUCT LOOKBACK REDRESS RELEASE

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