Regulatory Alerts2026-05-21
Federal Reserve Board Issues Enforcement Action Against Former Commerce Bank Employee
The Federal Reserve Board issued a consent Order of Prohibition against Nakia R. Logan, a former Personal Banker at Commerce Bank, for unauthorized account openings, check deposits, and fraudulent debit card usage that caused approximately $98,000 in bank losses. The order prohibits Logan from serving as an officer, director, or employee in any insured depository institution without prior written Board approval. Logan waived her rights to a hearing and judicial review while agreeing to comply with the order, which remains fully enforceable until formally modified or terminated.
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