The Office of the Comptroller of the Currency (OCC) released its April 2026 enforcement actions on Thursday, which included a consent order against a Chicago-based bank.

The consent order against The Federal Savings Bank of Chicago is tied to alleged violations of Section 5 of the Federal Trade Commission Act, and involve deceptive acts or practices tied to cash-out refinances guaranteed by the U.S. Department of Veterans Affairs (VA). The OCC claims these violations occurred between “at least” 2022 and 2024.

The OCC uses enforcement actions to require banks and institution-affiliated parties to correct deficient practices and address violations. details ⇒

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