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January 27, 2007
Flood Insurance CMP
The Federal Reserve and Pacific Mercantile Bank entered into an agreed Civil Money Penalty Order stemming from violations of the National Flood Insurance Act. The amount -- $6,850 -- is small, but it's a heads-up about Flood Insurance as a current exam focus.
Link: http://www.federalreserve.gov/boarddocs/press/enforcement/2007/200701242/default.htm
(ag) Jan. 27, 2007, in Enforcement
January 27, 2007 in Enforcement | Permalink
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