On October 3, the Fed issued an enforcement action against a state member bank based in Montana for alleged violations related to flood insurance. Pursuant to the National Flood Insurance Act and its implementing Regulation H, 12 C.F.R. § 208.25, the Fed alleged the bank engaged in a pattern or practice of failing to comply with Regulation H. As a result, the Fed assessed a $31,000 civil money penalty, payable to the National Flood Insurance Program. The bank neither admitted nor denied the allegations.