News Release 2020-136 | October 15, 2020

OCC Enforcement Actions and Terminations

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations.

All Cease and Desist Orders, Civil Money Penalty Orders, and Removal/Prohibition Orders are issued with the consent of the parties, unless otherwise indicated as a Decision and Order issued by the Comptroller of the Currency.

Copies of the final actions are available for download by viewing the searchable database of all public enforcement actions taken since August 1989 at http://apps.occ.gov/EnforcementActions.

View the current actions by selecting the enforcement actions below. You may also submit a request electronically to obtain copies through the OCC’s online FOIA site, https://foia-pal.occ.gov or by writing to the Comptroller of the Currency, Communications Division, Suite 3E-218, Washington, DC 20219. When ordering, please specify the appropriate enforcement action number.

Bank Civil Money Penalty Orders

No.	Name/Bank/City	State	Date
2020-052	CIT Bank, National Association, Pasadena	California	9/16/2020
2020-058	Morgan Stanley Private Bank, National Association, Purchase	New York	10/8/2020
2020-057	Citibank, National Association, Sioux Falls	South Dakota	10/7/2020
2020-059	USAA Federal Savings Bank, San Antonio	Texas	10/14/2020
2020-058	Morgan Stanley Bank, National Association, Salt Lake City	Utah	10/8/2020

Cease and Desist Orders

No.	Name/Bank/City	State	Date
2020-053	GN Bank, Chicago	Illinois	9/18/2020
2020-056	Citibank, National Association, Sioux Falls	South Dakota	10/7/2020

Civil Money Penalty Orders

No.	Name/Bank/City	State	Date
2020-049	Tracy Kidd, Wells Fargo Bank, National Association, Sioux Falls	South Dakota	9/21/2020
2020-050	Kenneth Zimmerman, Wells Fargo Bank, National Association, Sioux Falls	South Dakota	9/21/2020
2020-051	Matthew Raphaelson, Wells Fargo Bank, National Association, Sioux Falls	South Dakota	9/21/2020

Notices Filed

No.	Name/Bank/City	State	Date
N20-007	Richard Usher, JPMorgan Chase Bank, National Association, Columbus	Ohio	8/11/2020
N20-008	Rohan Ramchandani, Citibank, National Association, Sioux Falls	South Dakota	8/11/2020

Personal Cease and Desist Orders

No.	Name/Bank/City	State	Date
2020-049	Tracy Kidd, Wells Fargo Bank, National Association, Sioux Falls	South Dakota	9/21/2020
2020-050	Kenneth Zimmerman, Wells Fargo Bank, National Association, Sioux Falls	South Dakota	9/21/2020

Removal / Prohibition Orders

No.	Name/Bank/City	State	Date
2020-054	Christian Rivera, Bank of America, National Association, Charlotte	North Carolina	9/9/2020
2020-051	Matthew Raphaelson, Wells Fargo Bank, National Association, Sioux Falls	South Dakota	9/21/2020

Terminations of Existing Enforcement Actions

No.	Name/Bank/City/Old EA#	State	Date
2020-053	C&D, GN Bank, Chicago (EA# 2015-033)	Illinois	9/18/2020
2020-055	PC&D, Scott Taylor, Caisse Nationale de Credit Agricole, New York (EA# 97-19)	New York	8/27/2020

Media Contact

Public Affairs
(202) 649-6870

Topic(s):

Enforcement Actions