
The Office of the Comptroller of the Currency entered into a settlement agreement with Wachovia Bank requiring it to make restitution to consumers harmed by its relationships with several telemarketers and third party payment processors. The bank agreed to pay a penalty of $10 million, provide $8.9 million for consumer education programs directed at the elderly, and provide restitution to customers in an amount originally estimated at a maximum of $125 million but later set at $150 million (https://www.occ.gov/news-issuances/news-releases/2008/nr-occ-2008-143.html). For more info visit https://www.occ.gov/news-issuances/news-releases/2008/nr-occ-2008-48.html