- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Cardinal Bank, a wholly-owned subsidiary of financial holding company Cardinal Financial Corporation, has named Donna Avery as compliance officer.
Avery, whose career spans more than 30 years in the financial sector, joins Cardinal Bank from a local community bank. In her new role, Avery will oversee the bank's efforts to ensure compliance with consumer regulatory requirements to include Community Reinvestment Act (CRA), Home Mortgage Disclosure Act (HMDA), and deposit and lending regulations.
Compliance Week accepts outside contributions from corporate chief compliance officers and other senior-level GRC practitioners. To learn more, contact the CW Editor.
Three former executives of Chicago-based Outcome Health, a healthcare technology company, were sentenced for misleading an auditor, clients, lenders, and investors about a scheme to sell $45 million in overbilled advertisements.
A home health company operating in Indiana, Ohio, and Texas agreed to pay nearly $4.5 million to settle allegations it filed false claims by giving sports tickets and other kickbacks to assisted living facilities in exchange for referrals.
Crypto-friendly Silvergate Bank will pay a total of $63 million penalties to California and the Federal Reserve Board to settle charges that its anti-money laundering program failed to properly monitor more than $1 trillion worth of customer transactions.
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