USAA Hit With $85M Penalty Over 'Unsafe' Risk Management

By Hailey Konnath and Jon Hill ( October 14, 2020, 10:27 PM EDT) -- USAA has been slapped with an $85 million penalty stemming from its allegedly "unsafe or unsound" banking risk management, compliance processes and information technology risk governance, the Office of the Comptroller of the Currency said Wednesday. . . .

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