On November 20, the OCC announced enforcement actions taken during the month, noting that it issued no actions against banks. The agency reported two orders against individuals, including a prohibition order against a former executive for alleged unauthorized use of the bank’s purchasing cards for personal transactions and submitting deceptive documentation, and a personal cease-and-desist order to another former officer in connection with sales practices misconduct.

The OCC also terminated previous enforcement actions, including a cease-and-desist order against a community bank addressing violations related to the BSA/AML, capital, liquidity risk management, and information technology controls, as well as a formal agreement with a different bank concerning unsafe practices and violations in capital planning, stress testing, strategic planning, and dividend payments.