The Office of the Comptroller of the Currency (OCC) published its monthly enforcement actions on 20 November 2025, stating that there were no new enforcement actions against banks to release for the month. The release instead covered actions against two individuals formerly employed by national banks.
ACTIONS AGAINST INDIVIDUALS
The OCC issued an order of prohibition against Amy Jo Reid, a former senior vice president and director for purchasing at Associated Bank, N.A. in Green Bay, Wisconsin. The action related to the unauthorised use of bank purchasing cards for personal transactions totalling at least $411,000 and the submission of false documents and information to deceive the bank into reimbursing personal expenses.
The regulator also released a personal cease-and-desist order against Claudia Russ Anderson, a former community bank group risk officer at Wells Fargo Bank, N.A. in Sioux Falls, South Dakota, in connection with the bank's sales practices misconduct. The OCC's final decision of 14 January 2025, together with the order assessing a civil money penalty and the order of prohibition relating to Ms Anderson, were set aside.
The January 2025 orders had imposed a $10m civil money penalty and barred her from participating in the affairs of federally insured financial institutions. Under the modified consent order, the penalty is removed, and the prohibition is replaced with a requirement that she provide a copy of the order to the chief executive of any institution where she works in banking or serves as a board member. Ms Anderson agreed to drop her federal court challenge.
MONTHLY DISCLOSURE
The OCC publishes enforcement actions against national banks, federal savings associations and individuals affiliated with them on a monthly basis. Ms Anderson was among a group of former Wells Fargo executives charged by the OCC over the bank's sales practices, which took place between 2013 and 2016.
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