Federal Reserve Board releases order related to previously announced monetary sanctions against SunTrust Banks, Inc.

The following press release was published by the Board of Governors of the Federal Reserve System on July 25, 2014. It is reproduced in full below.

The Federal Reserve Board on Friday released the order related to the previously announced monetary sanctions against SunTrust Banks, Inc., and certain of its subsidiaries (SunTrust) for unsafe and unsound practices in residential mortgage loan servicing and processing. The Board reached an agreement in principle with SunTrust for monetary sanctions totaling $160 million on Oct. 10, 2013.

For media inquiries, call 202-452-2955 Attachment (PDF) Board Votes

Source: Board of Governors of the Federal Reserve System