Sallie Mae Bank

Salt Lake City, UT 2014 Community Banks / Credit Unions

FDIC Civil Money Penalty Cease And Desist Restitution Order

Penalty

$3.3 million

Outcome

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

Details

Sallie Mae Bank — FDIC Enforcement (2014)

FDIC took enforcement action against Sallie Mae Bank in Salt Lake City, UT in 2014 involving civil money penalty, cease and desist, restitution order violations in the Community Banks / Credit Unions sector.

Penalty: $3.3 million

Violation types: Civil Money Penalty, Cease And Desist, Restitution Order
Entity type: Financial Institution
Penalty type: Consent Order
Location: Salt Lake City, UT

Source: FDIC ED&O — FDIC-13-0382b, FDIC-13-0383k

How Crucible Prevents This

Crucible's banking compliance controls enforce regulatory requirements and flag violations before they escalate to civil money penalties.

Source: FDIC ED&O — FDIC-13-0382b, FDIC-13-0383k

Don't let this happen to your organization. See how Crucible works.

See How Crucible Works