OCC Announces Enforcement Actions for May 2026 — 2026-05-21

WASHINGTON— The Office of the Comptroller of the Currency (OCC) today released enforcement actions for May 2026. The OCC uses enforcement actions against banks to require the board of directors and management to take timely actions to correct the deficient practices or violations identified. Actions taken against banks are: Consent Order against Community Federal Savings Bank, Woodhaven, New York, for deficiencies in its Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program which resulted in violations of law or regulation, including 12 CFR 21.21 (BSA/AML program violation) and 12 CFR 163.180(d) (suspicious activity reporting violation), and 31 CFR 1010.520(b)(3) (information sharing requirement under the USA PATRIOT Act). (Docket No. AA-ENF-2025-21) The OCC uses enforcement actions against an institution-affiliated party (IAP) to deter, encourage correction of, or prevent violations, unsafe or unsound practices, or breaches of fiduciary duty. Enforcement actions against IAPs reinforce the accountability of individuals for their conduct regarding the affairs of a bank.