The Federal Reserve Board announced a new enforcement action against Small Business Bank in Lenexa, Kansas, on Thursday, alongside the termination of existing enforcement actions against several larger financial institutions.
The Kansas-based lender, which operates under the PCA Direct brand, is now subject to a consent cease-and-desist order.
This marks a fresh regulatory intervention targeting a smaller regional player, contrasting with the resolution of cases involving global banking giants.
In a separate but simultaneous announcement, the Fed concluded its oversight of BNP Paribas S.A., BNP Paribas USA, Inc., and BNP Paribas Securities Corp. The termination of these enforcement actions indicates that the French banking group has satisfied the regulatory requirements previously imposed on its US operations.
The central bank also closed its enforcement case with Community Bankshares, further clearing its docket of older compliance matters.
These terminations suggest a shift in regulatory focus from resolving past infractions at large institutions to addressing current risks at smaller, specialized lenders.