The number of enforcement actions taken by bank and credit unionregulators increased to 165 during the first quarter of 2014,according to an April 10 webinar by financial technology firmContinuity Control. That figure is up from 134 enforcement actionstaken during the previous quarter.
The average number of items rose to eight per enforcementaction, up from seven in the previous quarter, the company said.The first quarter also saw the addition of 3,284 additional pagesof regulatory requirements, down from 5,507 pages added during thefourth quarter.
“When it comes to enforcement actions, all things old are newagain,” said Pam Perdue, EVP of regulatory insight. “Issuesinvolving the Bank Secrecy Act and safety and soundness dominatedexaminers' agendas.”
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