12 C.F.R. § 225.6

Penalties for violations

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(a) Criminal and civil penalties. (1) Section 8 of the BHC Act provides criminal penalties for willful violation, and civil penalties for violation, by any company or individual, of the BHC Act or any regulation or order issued under it, or for making a false entry in any book, report, or statement of a bank holding company.

(2) Civil money penalty assessments for violations of the BHC Act shall be made in accordance with subpart C of the Board's Rules of Practice for Hearings (12 CFR part 263, subpart C). For any willful violation of the Bank Control Act or any regulation or order issued under it, the Board may assess a civil penalty as provided in 12 U.S.C. 1817(j)(15).

(b) Cease-and-desist proceedings. For any violation of the BHC Act, the Bank Control Act, this regulation, or any order or notice issued thereunder, the Board may institute a cease-and-desist proceeding in accordance with the Financial Institutions Supervisory Act of 1966, as amended (12 U.S.C. 1818(b) et seq.).

Notes of Decisions

Cited in 1 case, 1980–1980 · leading case: Mid Am. Bancorporation, Inc. v. Bd. of Governors, 523 F. Supp. 568 (D. Minnesota 1980).

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Mid Am. Bancorporation, Inc. v. Bd. of Governors, 523 F. Supp. 568 (D. Minnesota 1980). · cites it 3× “” The Board’s asserted basis for the assessment of the civil penalty against Mid America is a violation of Regulation Y, 12 C.F.R. § 225.6 , which was promulgated pursuant to the BHC Act.”

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