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Federal Reserve Board issues enforcement action and announces termination of enforcement action

August 30, 2018 / Source: FRB

Press Release

August 30, 2018

Federal Reserve Board issues enforcement action with The Bank of New York Mellon and announces termination of enforcement action with UCB Financial Group, Inc.

For release at 11:00 a.m. EDT

The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below:

The Bank of New York Mellon (PDF), New York, New York
Flood Insurance Consent Civil Money Penalty
Dated August 28, 2018

The Board on Thursday also announced the termination of the enforcement action listed below:

UCB Financial Group, Inc., Atlanta, Georgia (now known as ABB FinancialGroup, Inc., Atlanta, Georgia)
Written Agreement dated August 19, 2010 (PDF)
Terminated August 27, 2018

Additional enforcement actions can be searched for here.

For media inquiries, call 202-452-2955.

Last Update: August 30, 2018