The Federal Reserve Board on May 17 announced the termination of a consent order against Birmingham, Ala.-based Regions Bank.
The June 2014 consent order had asked Regions Bank to pay a civil money penalty of $46 million to the Fed and a $5 million penalty to the Alabama State Banking Department.
The termination of the enforcement action took effect May 14.
Regions Financial Corp. is the holding company of Regions Bank.
