Federal Reserve Board Fines Bank $90,000 in Connection with Violations of the National Flood Insurance Act

The Federal Reserve Board recently entered into a consent order with a bank, fining it $90,000 for undisclosed violations of the National Flood Insurance Act.  The penalty is required to be remitted to the National Flood Insurance Program.

The consent order is available here: https://www.federalreserve.gov/newsevents/pressreleases/files/enf20180112b1.pdf.