The OCC investigates, litigates, and takes enforcement actions to address unsafe or unsound banking practices and failures in compliance, including compliance with certain consumer protection laws. When warranted, the OCC refers potential criminal acts involving bank-affiliated parties to the U.S. Department of Justice and coordinates with other federal agencies on enforcement efforts involving banks.
The OCC took 36 formal enforcement actions against banks this year, an increase in the number taken over the past several years. The OCC took 11 formal bank actions in 2023, 17 in 2022, 29 in 2021, and 20 in 2020. Oversight, compliance, and operational failures continue to be a focus of formal bank enforcement actions. More than half of the formal bank enforcement actions addressed strategic or capital planning, liquidity risk management, or interest rate risk management.
OCC Enforcement Actions in Fiscal Year 2024
| Type of enforcement action |
Number |
Amounta |
| 12 USC 1829 notifications |
47 |
|
| Bank CMP |
4 |
405,000,000ドル |
| Cease-and-desist order (bank)b |
10 |
|
| Formal agreement (bank) |
22 |
|
| Notices of charges filed |
7 |
|
| Personal cease-and-desist order |
4 |
|
| Personal CMP |
8 |
1,120,000ドル |
| Prompt corrective action directive |
0 |
|
| Removal/prohibition |
54 |
|
| Total |
156 |
406,120,000ドル |
a Includes only assessed penalties through September 30, 2024, and does not include remediation to customers that the OCC may have required of the bank. Penalties are sent to the Treasury Department.
b May include instances when multiple charters in a company are subject to the same enforcement action.