Consumer Protection News:
Unfair and Deceptive Practices
The OCC took the lead among the federal
bank regulatory agencies in developing an approach to address unfair and
deceptive marketing practices. These practices are often an element in predatory
lending. The OCC has taken a number of enforcement actions against banks that
were found to have engaged in abusive practices and, in one landmark case, the
OCC required a bank to pay over $300 million in restitution to its customers.
Actions the OCC has taken against
banks engaged in abusive practices
01/21/2003
OCC Concludes
Case Against First National Bank in Brookings Involving Payday Lending,
Unsafe Merchant Processing, and Deceptive Marketing of Credit
Cards
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Release 2003-03
Consent Order
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6/28/2000
Providian to
Cease Unfair Practices, Pay Consumers Minimum of $300 Million Under
Settlement with OCC and San Francisco District Attorney
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News Release 2000-49 |
WORD
ASCII |
Statement |
WORD
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Consent Order |
PDF
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Stipulation |
PDF
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Fact Sheet |
WORD
ASCII
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First National Bank of Marin , Las Vegas, Nevada, 5/24/2005, EA 2004-45
Household Bank (SB), National Association of Las Vegas , Nevada, 3/25/2003, EA 2003-17
First National Bank of Ft. Pierre , South Dakota, 7/18/2002, EA 2002-61
Speeches on Unfair and Deceptive
practices
06/15/04
Acting Comptroller Julie Williams calls on
federal and state regulators to form new
partnerships to combat abusive and
predatory lending practices
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Release 2004-46 |
Speech
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03/22/2002
OCC Chief
Counsel Julie L. Williams Urges Banks to be Vigilant In Avoiding Unfair
and Deceptive Marketing Practices |
News Release 2002-30 |
WORD
ASCII
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Speech |
WORD
ASCII |
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