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Monterey County Bank, Monterey California, Cited By FDIC For Deceptive Practices

October 5, 2010 By Problem Bank List Staff 1 Comment

October 5, 2010 – Monterey County Bank, Monterey, California, agreed to pay $3 million under a Consent Order with the FDIC for deceptive practices under the Fair Debt Collection Practices Act. The terms of the settlement were announced in an FDIC Press Release. The Federal Deposit Insurance Corporation (FDIC) announced a settlement with Monterey County […]

Filed Under: Banking News, FDIC, Financial regulation Tagged With: Monterey County Bank Hit By FDIC Fines

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