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# OCC Issues Formal Agreement with Dearborn Federal Savings Bank Over Compliance and Fair Lending Failures
- URL: https://www.theglobalbanker.com/occ-formal-agreement-dearborn-federal-savings-bank-compliance-fair-lending/
- Published: 2025-02-20T13:36:00.000Z
- Updated: 2026-10-02T14:37:10.000Z
- Description: The OCC disclosed on 20 Feb 2025 a formal agreement with Dearborn Federal Savings Bank, Michigan, citing unsafe or unsound practices in compliance management, fair lending risk management, insider activities and compensation, and recordkeeping violations.
- Author: TGB Editorial Team
- Tags: Regulations, Americas, #archive

The Office of the Comptroller of the Currency announced on 20 February 2025 that it had entered into a formal agreement with Dearborn Federal Savings Bank, headquartered in Dearborn, Michigan, for unsafe or unsound practices, including those related to compliance management, fair lending risk management, insider activities, and compensation practices. The action also covered recordkeeping violations.

The Dearborn FSB action was announced as part of the same February 2025 OCC enforcement release that included a separate formal agreement with Patriot Bank of Connecticut, along with six individual prohibition orders.