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 and select other federal and state agencies. 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: October 25, 2017

Disclaimer Notice

LOG IN


RESULTS (15 of 400+ | Log In to See More)
SORT BY:

Viewing limited results below. Registered users should log in to access the full database. If you are a Sullivan & Cromwell client and wish to request login credentials, please click here.
638
HSBC Holdings PLC; HSBC North America Holdings, Inc.
September 29, 2017
FRB
Consent Order (CMP & C&D)
$175,296,000
Anti-Trust/Market Related
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
Unsafe and Unsound Practices
DOWNLOAD
641
American Express Centurion Bank; American Express, FSB
August 23, 2017
CFPB
Consent Order (C&D)
Consumer Compliance
No Yes Yes
LOOKBACK: No
REDRESS: Yes
RELEASE: Yes
Violations Cited:
Equal Credit Opportunity Act, 15 U.S.C. §§ 1691 et seq.
Regulation B, 12 C.F.R. part 1002
DOWNLOAD
639
U.S. Bank, N.A.
August 16, 2017
OCC
Consent Order (CMP)
$183,920
Other
No No No
LOOKBACK: No
REDRESS: No
RELEASE: No
Violations Cited:
12 C.F.R. § 22.7 (a) (Notice and purchase of flood insurance coverage)
National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, 42 U.S.C. §§ 4001, et seq.
DOWNLOAD
642
JPMorgan Chase Bank, N.A.
August 2, 2017
CFPB
Consent Order (CMP & C&D)
$4,600,000
Consumer Compliance
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
Consumer Financial Protection Act of 2010, 12 U.S.C. § 5536
Fair Credit Reporting Act, 15 U.S.C. §§ 1681 et seq.
Regulation V, 12 C.F.R. §§ 1022.42 a-c (Accuracy and Integrity Furnished Information)
DOWNLOAD
637
BNP Paribas S.A.
July 17, 2017
FRB
Consent Order (CMP & C&D)
$246,375,000
Anti-Trust/Market Related
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
Unsafe and Unsound Practices
DOWNLOAD
636
The Bank of New York Mellon
June 26, 2017
FRB
Consent Order (CMP)
$3,000,000
Other
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
Regulation Y, 12 C.F.R. § 225
Unsafe and Unsound Practices
DOWNLOAD
634
EverBank Financial Corp.
June 8, 2017
FRB
Consent Order (CMP)
$1,800,000
Mortgages
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
Unspecified
DOWNLOAD
633
Fay Servicing, LLC
June 7, 2017
CFPB
Consent Order (C&D)
Mortgages
No Yes Yes
LOOKBACK: No
REDRESS: Yes
RELEASE: Yes
Violations Cited:
12 C.F.R. § 1024.38 (General Servicing Policies, Procedures, and Requirements)
12 U.S.C. §§ 5531, 5536 (Unfair, Deceptive or Abusive Acts and Practices/UDAAP)
Real Estate Settlement Procedures Act, 12 U.S.C. §§ 2601 et seq.
Regulation X, 12 C.F.R. § 1024.41 (Loss Mitigation Procedures)
DOWNLOAD
640
UBS AG
June 1, 2017
OCC
Consent Order (C&D)
Anti-Trust/Market Related
No No No
LOOKBACK: No
REDRESS: No
RELEASE: No
Violations Cited:
Unspecified
DOWNLOAD
632
Deutsche Bank AG; Deutsche Bank AG (New York Branch); DB USA Corporation; Deutsche Bank Trust Company Americas
May 26, 2017
FRB
Consent Order (CMP & C&D)
$41,000,000
BSA/AML
Yes No Yes
LOOKBACK: Yes
REDRESS: No
RELEASE: Yes
Violations Cited:
12 C.F.R. § 211.24(f) (BSA Program)
12 C.F.R. § 211.24(j) (BSA Program)
12 C.F.R. § 225.4(f) (SARS)
31 C.F.R. Chapter X (FinCEN Regulations)
Bank Secrecy Act, 31 U.S.C. §§ 5311 et seq.
Regulation H, 12 C.F.R. § 208.62 et seq. (SARS)
DOWNLOAD
631
SunTrust Bank
May 24, 2017
FRB
Consent Order (CMP)
$1,501,000
Other
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, 42 U.S.C. §§ 4001, et seq.
DOWNLOAD
630
Banamex USA
May 18, 2017
DOJ (Crim)
Non-Prosecution Agreement
$97,440,000
BSA/AML
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
Bank Secrecy Act, 31 U.S.C. §§ 5311 et seq.
DOWNLOAD
624
U.S. Bank, N.A.
April 25, 2017
OCC
Consent Order (CMP)
$15,000,000
Other
No Yes Yes
LOOKBACK: No
REDRESS: Yes
RELEASE: Yes
Violations Cited:
Unsafe and Unsound Practices
DOWNLOAD
621
Deutsche Bank AG; DB USA Corp.; Deutsche Bank AG (New York Branch)
April 20, 2017
FRB
Consent Order (CMP & C&D)
$136,950,000
Anti-Trust/Market Related
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
Unsafe and Unsound Practices
DOWNLOAD
622
Deutsche Bank AG
April 20, 2017
FRB
Consent Order (CMP & C&D)
$19,710,000
Other
No No Yes
LOOKBACK: No
REDRESS: No
RELEASE: Yes
Violations Cited:
Section 619, Dodd-Frank Wall Street Reform and Consumer Protection Act (Volcker Rule)
DOWNLOAD

For this purpose, "significant" is defined as (1) an action against a Global Systemically Important Bank or (2) that involves at least one of the following: (a) penalties of $1 million or more; (b) substantial consumer relief requirements; or (c) coordinated or parallel actions by a federal banking agency and at least one other agency.

Disclaimer Notice: Banking Enforcement Actions Tracker is an informational product provided by Sullivan & Cromwell LLP and should not be regarded as a substitute for legal advice.