In contrast, judicial review of a civil money penalty
is conducted by the appropriate federal circuit court.
The order requires Irwin Union Bank to pay a civil money penalty
of $22,300, which will be remitted to the Federal Emergency Management Agency for deposit into the National Flood Mitigation Fund.
The largest maximum civil money penalty
a credit union could receive for filing its call report late this past quarter is $106,000, the NCUA said.
The proposed settlement would also order the company to cease and desist from committing or causing any such violations in the future and to pay a civil money penalty
According to HUD, the Mortgagee Review Board found that Golden First Mortgage failed to inform HUD/FHA of an investigation by the Office of Thrift Supervision (OTS) that centered on the business activities of the company's president, including his involvement in a civil money penalty
section] 1818(i)(4) in order to require the payment into the court of the sales proceeds necessary to pay the civil money penalty
amounts assessed in the Notice in the event the Board's final decision assessed penalties against the Respondents.
Wachovia has also agreed to pay the OCC a civil money penalty
of $50 million.
The Office of the Comptroller of the Currency (OCC) today assessed a $20 million civil money penalty
against Wells Fargo Bank, N.
The settlement with the Fed includes the entry of a cease and desist order and a civil money penalty
The $25 million civil money penalty
reflects a number of factors, including the scope and duration of the violation and financial harm to consumers from the unfair practices.
The bank said it has agreed to payment of a civil money penalty
in the amount of USD 10.
Failure to comply can lead to a civil money penalty
for each violation, regulatory enforcement action, private plaintiff lawsuits, negative publicity and loss of business, explained Helen "Rusty" Beckel, senior vice president, strategy and market development, Harland Financial Solutions.