Federal ReserveConsent Prohibitionmedium
Regions Bank
Birmingham, Alabama
On Aug 13, 2026, the Federal Reserve Board announced a consent prohibition against Elazia Jones, a former employee of Regions Bank. The action relates to check fraud. A consent prohibition bars the named individual from participating in the affairs of insured depository institutions without prior regulatory approval.
The enforcement action targets Jones individually, not Regions Bank as an institution. The Federal Reserve published the order with an accompanying attachment detailing the terms of the prohibition.
Implications
- Demonstrates continued Federal Reserve use of Section 8(e) prohibition orders against individuals involved in fraud at supervised banks
- Reinforces importance of internal controls and employee oversight at banks, including those with fintech partnerships
- Individual-level enforcement actions serve as a deterrent for misconduct at insured depository institutions
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