FDIC - Federal Deposit Insurance Corporation

The FDIC determined that Bank of the West (BNP Paribas) has engaged in a pattern or practice of committing violations of the FDPA and Part 339 of the FDIC’s Rules and Regulations, 12 C.F.R. Part 339, and that these reasons, a penalty of $281,000 is assessed against the Bank.

Source

Published on Apr. 27th, 2021 Published on Apr. 27th, 2021

To read more operational risk news, register for free on MSTAR Platform.

Register for free