Federal Reserve Board issues enforcement action with The Bank of New York Mellon and announces termination of enforcement action with UCB Financial Group, Inc.

The following press release was published by the Board of Governors of the Federal Reserve System on Aug. 30, 2018. It is reproduced in full below.

The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: The Bank of New York Mellon (PDF), New York, New York Flood Insurance Consent Civil Money Penalty Dated Aug. 28, 2018 The Board on Thursday also announced the termination of the enforcement action listed below: UCB Financial Group, Inc., Atlanta, Georgia (now known as ABB FinancialGroup, Inc., Atlanta, Georgia) Written Agreement dated Aug. 19, 2010 (PDF) Terminated Aug. 27, 2018 Additional enforcement actions can be searched for here.

For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System