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://occ.secureocp.com 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