American Express Centurion Bank

Salt Lake City, UT 2012 Community Banks / Credit Unions

FDIC Civil Money Penalty Cease And Desist Restitution Order

Penalty

$8.3 million

Outcome

Joint Consent Order, Joint Order for Restitution, and Joint Order to Pay Civil Money Penalty

Details

American Express Centurion Bank — FDIC Enforcement (2012)

Outcome: Joint Consent Order, Joint Order for Restitution, and Joint Order to Pay Civil Money Penalty

Docket: FDIC-12-0315b,FDIC-12-0316k | Issued: 2012-10-01

How Crucible Prevents This

Crucible's banking compliance controls enforce regulatory requirements and flag violations before they escalate to civil money penalties. The restitution component demonstrates direct consumer harm that proactive compliance monitoring would have prevented.

Source: FDIC ED&O — FDIC-12-0315b,FDIC-12-0316k

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