OCC terminates consent order against Washington Federal Bank
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The Office of the Comptroller of the Currency has terminated its 2018 consent order against Seattle-based Washington Federal Inc. unit Washington Federal Bank NA, the company disclosed in a regulatory filing.
In its order, the regulator said it believes the safety and soundness of the bank and its compliance with laws and regulations "does not require the continued existence of the order."
The OCC had issued a consent order against the bank over deficiencies in its Bank Secrecy Act and anti-money laundering compliance program.