Note: Enforcement actions taken against government-chartered savings associations (savings) prior to July 21, 2011 are only available in the OTS Enforcement Order Archive (XLS). For more information about the data fields used in this table, see the List of Enforceable Titles (PDF). For more information on OCC enforcement actions, refer to the following guidelines and procedural manuals: These are the types of formal enforcement actions that the Office of the Comptroller of the Currency (OCC) is authorized to take against the financial institutions that the OCC oversees and related parties. We have the right to take enforcement action against: Visit these websites to learn more about enforcement actions against financial institutions overseen by other government agencies: The office can enforce the law by taking legal action in a federal district court or initiating administrative proceedings. The administrative procedure is conducted by an administrative judge who holds hearings and makes a recommended decision. The procedures shall be conducted in accordance with the rules of practice of arbitration proceedings. The OCC may take enforcement action in the event of a violation of any law, rule or regulation, final orders or conditions imposed in writing; uncertain or unhealthy practices; and for breach of fiduciary duty by parties related to the institution (PAI). If we take enforcement action against a company or person who we believe has violated the law, we will post court documents and other related documents here. On July 12, 2021, the bureau issued a consent order against GreenSky LLC (GreenSky), a fintech company that serves and facilitates consumer loans. On December 11, 2020, the Consumer Financial Protection Bureau (Bureau) and the Attorney General of Arkansas filed a draft final judgment and injunction against Alder Holdings, LLC (Alder) in the U.S. District Court for the Eastern District of Arkansas. On December 18, 2020, the Consumer Financial Protection Bureau (Bureau) issued a consent order against Seterus, Inc.
(Seterus), a former North Carolina-based mortgage service provider, and Kyanite Services, Inc. (Kyanite). Includes: The name of the banking organization; individual (if applicable); the number of the enforcement action; Your mailing address, fax number and telephone number; and how you wish to receive the document (mail, fax or collection). On April 27, 2021, the bureau issued a consent order against Nationwide Equities Corporation (NWEC), a reverse mortgage broker and lender. On 21 December 2020, the Bureau issued a consent order against Envios de Valores La Nacional (La Nacional). La Nacional offers remittances to several countries abroad through a network of branches and more than 1,400 agents. On December 22, 2020, the Consumer Financial Protection Bureau (Bureau) issued a consent order against Santander Consumer USA Inc. (Santander). Santander, a subsidiary of Banco Santander S.A., is one of the leading initiators and providers of non-primary car lending and rental services. The 8.
In October 2021, the Bureau filed a lawsuit proposing to determine the final judgment and order of the U.S. District Court for the Central District of California against American Advisors Group (AAG). Akehurst, Enforcement Action by Regional Agencies, with Special Reference to the Organization of American States, British Year Book of International Law N42, 1967, gv. On March 16, 2021, the Bureau filed a lawsuit in U.S. District Court for the Central District of California against Student Loan Professional Judith Noh and Syed Gilani. On April 13, 2021, the Bureau filed a proposed final judgment and injunction in U.S. District Court to resolve allegations that SettleIt, Inc., a California-based debt settlement company, violated the telemarketing rule and committed abusive acts and practices under the Consumer Financial Protection Act. 15. In January 2021, the office filed a lawsuit in the U.S. District Court for the District of Connecticut against 1st Alliance Lending, LLC, John Christopher DiIorio, Kevin Robert St. Lawrence, and Socrates Aramburu. On April 22, 2021, the West District Office of New York filed a lawsuit against Douglas MacKinnon, who ran a debt collection company, and Amy MacKinnon, Mary-Kate MacKinnon, and Matthew MacKinnon, parents of Douglas MacKinnon.
The term „banks” includes national banks, federal savings banks and their subsidiaries, as well as federal branches and agency offices regulated by the OCC. The term „party affiliated with an institution” or IPA is defined in 12 USC 1813(u) and includes bank directors, officers, employees, and majority shareholders. On the 28th. In June 2021, the Bureau filed a lawsuit in the U.S. District Court for the Northern District of Georgia, and the next day, the Bureau filed a final judgment and injunction against Burlington Financial Group, LLC and its directors, Richard Burnham, Katherine Burnham, and Sang Yi, which the court filed on the same day. In its opinion, the ACCC noted that it believes there are significant benefits to resolving the problems of franchisors and franchisees through alternative dispute resolution mechanisms. Directive: Bank Enforcement and Related Matters (PDF). The 7. In September 2021, the bureau issued a consent order against Better Future Forward, Inc.; Better Future Forward Manager, LLC; Better Future Forward Opportunity ISA Fund (CP1), LLC; and Better Future Forward Opportunity ISA Fund (CH1), LLC (collectively, „BFF”), which are companies that offer students income-sharing agreements (ISAs) to fund post-secondary education.
Complaint received by WADA 28 Code Authority Complaint 28 Response to complaints related to an alleged violation of Code 28 No violation of Code 28 Incompetence 29 Potential violation of the Code by non-members 29 Potential violation of the Code by a member 29 Hearing before the Authority 29 Sanctions for violation 30 Non-members 31 Charges 31 Publication of enforcement actions 31 J. Non-compliance and Enforcement1.28 subject to enforcement and sanctions. Freedom of Information Act (FOIA) Currency Disclosure Officer Suite Controller 3E-218 Mail Stop 6W-11 Washington, DC 20219 On March 3, 2021, the Bureau filed a lawsuit in the U.S. District Court for the Northern District of Illinois against BrightSpeed Solutions, Inc. (BrightSpeed) and its founder and former President and CEO Kevin Howard. To obtain a paper copy of an order, agreement or direction, you can submit an application electronically on the OCC`s FOIA online website. On October 22, 2021, the Bureau, in conjunction with the U.S. Department of Justice (DOJ), filed a complaint and proposed a consent order in the U.S. District Court for the Western District of Tennessee to settle claims against the Jackson, Mississippi-based National Bank Trustmark. 22. In February 2021, the office filed a lawsuit against Nexus Services, Inc.
in the United States District Court for the Western District of Virginia. (Nexus Services), Libre by Nexus, Inc. (Libre) and its clients Micheal Donovan, Richard Moore and Evan Ajin. On April 6, 2021, the Bureau issued a consent order against Yorba Capital Management, LLC, an external debt collection firm based in Anaheim, California, and its former sole proprietor and managing member, Daniel Portilla, Jr. On November 12, 2021, the Bureau filed a lawsuit against FirstCash, Inc. and Cash America West in the U.S. District Court for the Northern District of Texas. Inc. On May 21, 2021, the bureau issued a consent order against 3rd Generation, Inc., a California company that operates as California Auto Finance (California Auto).
On the 22nd. In December 2020, the Bureau issued a consent order against Discover Bank, The Student Loan Corporation and Discover Products, Inc. (collectively, Discover). Discover Bank, headquartered in Greenwood, Delaware, is an insured custodian that offers and maintains private student loans. On October 19, 2021, our Office issued a consent order against JPay, LLC (JPay).