![Apple Bank branch in New York City with pedestrians walking by. Apple Bank branch in New York City with pedestrians walking by.](https://www.lawcommentary.com/img/articles/85SAXiaXCwr91bnWE96V7DGnbV228auBTaz1WqwP.png?fit=crop&fm=jpg&h=111&w=111&signature=c586ba5885877243751995062b2784edb36b12d256d96e1c9ac91fe128733407)
On December 21, 2020, the FDIC ordered New York-based Apple Bank for Savings to pay a fine of $12.5 million. The order was made public on January 29, 2021. The fine was assessed due to the bank’s failure to comply with the Bank Secrecy Act (BSA) and with an FDIC... Read More »