TD Bank fined $450 million, growth frozen

$450 million fine and growth freeze hit TD Bank, N.A. on Oct. 10, 2024, when the Office of the Comptroller of the Currency, the bank regulator, issued a cease-and-desist order for Bank Secrecy Act (anti-money-laundering) failures, the OCC said. My take: the growth block bites most, capping new lending until regulators approve fixes.