A bank in Los Angeles, California was fined $65 million by the OCC for not having effective risk management, violating banking regulations, and not complying with the Gramm-Leach-Bliley Act. The bank must take corrective actions and pay the penalty to the U.S.
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Breaking the Bank: The Shocking Tale of Los…
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A bank in Los Angeles, California was fined $65 million by the OCC for not having effective risk management, violating banking regulations, and not complying with the Gramm-Leach-Bliley Act. The bank must take corrective actions and pay the penalty to the U.S.