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prima:Oriental Bank fined for non-compliance with Flood Disaster Protection Law

The FDIC issued a fine of over $447,000 to the Puerto Rican banking conglomerate

July 5, 2024 - 2:31 PM

The FDIC's past actions against the third Puerto Rican bank were in 2017 in the amount of $153,850 and in 2021 for another $40,500 penalty. (Archivo)

Oriental Bank must pay a $447,125 fine to the Federal Deposit Insurance Corporation (FDIC) for failing to comply with the federal Flood Disaster Protection Act (FDPA).

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