WEX Bank
FDIC
Civil Money Penalty
Cease And Desist
Restitution Order
Penalty
$2.2 million
Outcome
Consent Order, Order for Restitution and Order to Pay Civil Money Penalty
Details
WEX Bank — FDIC Enforcement (2015)
FDIC took enforcement action against WEX Bank in Midvale, UT in 2015 involving civil money penalty, cease and desist, restitution order violations in the Community Banks / Credit Unions sector.
Penalty: $2.2 million
Violation types: Civil Money Penalty, Cease And Desist, Restitution Order
Entity type: Financial Institution
Penalty type: Consent Order
Location: Midvale, UT
Source: FDIC ED&O — FDIC-15-0129b,FDIC-15-0130k
How Crucible Prevents This
Crucible's banking compliance controls enforce regulatory requirements and flag violations before they escalate to civil money penalties.
Don't let this happen to your organization. See how Crucible works.
See How Crucible Works