Alleged SCRA and MLA Violations Lead To Lender Being Assessed A $85 Million Dollar Penalty Under OCC Consent Order
By EsqSocial Corporation 16/10/20
A national lender, USAA Federal Savings Bank, entered into a consent order with the Office of the Controller of the Currency (“OCC”), which included an $85 million dollar civil money penalty for alleged "unsafe or unsound" banking risk management, compliance processes, and information technology (“IT”) risk governance....
By: Saul Ewing Arnstein & Lehr LLP