On May 15, the OCC announced enforcement actions against two banks and three institution-affiliated parties. The OCC issued cease and desist orders to banks in Miami, as well as Beverly Hills, California, respectively, for unsafe or unsound practices, including those related to strategic and capital planning and board management supervision. The OCC also took action against institution-affiliated parties, imposing orders of prohibition and civil money penalties totaling $150,000. According to the OCC, these actions targeted individuals for misconduct related to systemic sales practices and conflicts of interest violations.