Fed enforcement actions against former Regions and First Interstate employees
Federal Reserve Board issued enforcement actions against former employees of Regions Bank and First Interstate Bank.
The Fed continues to pursue individual accountability via personal enforcement actions against former bank employees. Institutions should ensure controls exist to detect misconduct early and screen candidates against enforcement databases.
Signals continued regulatory focus on individual liability and misconduct in US banking.
Action Required
Review individual accountability controls and screening for prior enforcement subjects across hiring and onboarding.
Individual enforcement actions inform conduct risk frameworks and pre-employment screening obligations.
Conduct risk: Fed continues individual accountability enforcement. Verify screening of new hires against Fed enforcement orders and refresh internal misconduct escalation procedures.
“Federal Reserve Board issues enforcement actions with former employee of Regions Bank and former employee of First Interstate Bank”