FDIC Stomps On Civil Money Penalties Insurance

This note was just sent to my email list of bankers... I have been expecting action by the FDIC on the issue of Civil Money Penalties (CMP) for some time now. This one is not subtle. Actually, I expected the FDIC to start hitting banks buying CMP with civil money penalties. (Wink) For about a year now I have been urging my clients not buy … [Read more...]