TCF National Bank, the principal subsidiary of TCF Financial Corp. (TCB), said Friday that it has entered into an agreement with the Office of the Comptroller of the Currency pursuant to previously disclosed deficiencies in its Bank Secrecy Act compliance program.
TCF Bank previously disclosed that it may incur a civil money penalty related to its BSA program. TCF Bank has agreed to payment of a civil money penalty in the amount of $10.0 million, or $0.06 per share in the fourth quarter of 2012.
TCF Bank believes that the settlement, along with comprehensive changes it has made to strengthen its Bank Secrecy Act compliance program, is a significant step towards a satisfactory resolution of its July 2010 BSA-related consent order with the OCC.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.