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The Office of the Comptroller of the Currency has taken disciplinary action against the banking software provider Jack Henry & Associates for failing to get a processing center damaged by Hurricane Sandy up and running in a timely manner.
December 20 -
The Federal Deposit Insurance Corp. took action against six banks and freed a dozen from orders in October.
December 2 -
The Federal Reserve Board has lifted enforcement actions against Parkway Bancorp in Harwood Heights, Ill., and Peoples Inc. in Lawrence, Kan.
December 3
Banks got some regulatory relief in 2013 as federal regulators sharply curtailed their issuance of new enforcement actions.
A total of 149 new enforcement actions against banks and bank holding companies have been issued so far in 2013 by the Federal Reserve, the Federal Deposit Insurance Corp and the Office of the Comptroller of the Currency, according to a search of publicly available records on the regulators' websites. That's a 47% decrease from 2012, when regulators issued a total of 281 actions.
Terminations continued to outpace new issuances this year, as the three regulators terminated 330 actions against banks and holding companies this year. In 2012 regulators terminated 470 enforcement actions.
The OCC issued the most new orders, with 68, followed by the FDIC, with 57, and the Federal Reserve, with 24. Although the OCC was the most active of the three regulators, it issued far fewer than in 2012, when it hit banks with 122 new orders.
The FDIC, meanwhile, freed the most banks from orders, with 151 terminations.
The tally of regulatory actions included consent orders, formal agreements, cease-and-desist orders and written agreements with all three regulators.
