Federal ReserveConsent Prohibitionmedium
Regions Bank / United Community Bank
The Federal Reserve Board on Aug 20, 2026, announced consent prohibition orders against two former bank employees for misappropriation of customer funds. Stephanie R. Kilbert, a former employee of Regions Bank in Birmingham, Alabama, was barred from the banking industry.
Crystal A. Wykle, a former employee of United Community Bank in Greenville, South Carolina, received the same prohibition. Both actions stem from misappropriation of customer funds.
The Federal Reserve published the orders with accompanying attachment documents on the same date.
Implications
- Enforcement actions against individuals for misappropriation underscore the importance of internal controls and compliance monitoring, particularly relevant for BaaS banks managing funds on behalf of fintech partners.
- Banks that partner with fintechs must ensure robust safeguards against insider threats to protect end-user funds.
Source
Related
Share