ABA Launches New Database Of Enforcement Actions

Want to quickly find out which mortgage lenders have been ‘busted’ in recent enforcement actions – and for which violations?

The American Bankers Association (ABA) has launched a new, first-of-its-kind, searchable database of enforcement actions against financial institutions by federal agencies.

Civil penalties and restitutions associated with BSA/AML, ECOA, FDPA, FHA, HMDA, RESPA and UDAP/UDAAP are included and date back to January 2012, the ABA reports.

Users can search the database using criterion including bank name, asset size and enforcement amount. Each record includes a summary of primary issues found in the action, as well as a link to the issuing agency for more detailed information.

The database is available for download exclusively to ABA members and will be updated monthly.


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