NewsDialy
A consent order, the binding regulatory agreement that places a bank under mandatory corrective oversight until its federal supervisor signs off, has been lifted from Quontic Bank.
The Office of the Comptroller of the Currency terminated the agreement effective June 30, 2026. The Astoria, N.Y.-based bank said the termination reflected successful completion of comprehensive remediation efforts.
What a consent order requires The OCC is the federal agency that charters and supervises national banks across the United States.
When its examiners identify failures in compliance, risk management, or bank operations, the OCC can formalize a remediation demand through a consent order that the bank must agree to and execute.
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