Regulatory footprint
| Regulator | Relationship | License type / ID | Status | Status date | Source |
|---|---|---|---|---|---|
| FDIC | Insurance | deposit insurance / FDIC Cert. 9423 | Insured | Aug 10, 2026 | Federal Deposit Insurance Corporation, retrieved Aug 10, 2026 |
| FDIC | Supervision | primary federal regulator | Active | Aug 10, 2026 | Federal Deposit Insurance Corporation, retrieved Aug 10, 2026 |
Compliance obligations
BSA/AML
FDIC-insured depository institution subject to the Bank Secrecy Act, 31 U.S.C. 5311 et seq., and its implementing rules for banks at 31 C.F.R. Part 1020.
Source: Federal Deposit Insurance Corporation, retrieved Aug 10, 2026
OFAC sanctions
United States financial institution subject to the economic sanctions programs administered by the Office of Foreign Assets Control, 31 C.F.R. Chapter V.
Source: Federal Deposit Insurance Corporation, retrieved Aug 10, 2026
Fintech partnership program
Public sources document that this institution operates or has operated a banking-as-a-service / fintech partnership program. Program type(s) per the cited sources: deposits, payments, cards. Status: Active, under public enforcement remediation (as of Aug 18, 2026).
FDIC and ND DFI joint consent order (Dec 18, 2023) governing third-party oversight; BaaS program pages remain live.
FDIC consent order, docket FDIC-23-0086b ↗
Order PDF fetched but bank name did not survive text extraction; attribution corroborated by cited coverage. Characterization not independently verified against the primary document.
Fintech partners named in the cited sources: Mercury, Current, Lili, Douugh. Partner lists reflect only what the cited sources name and may be incomplete or historical.
Segment membership is compiled from the cited public sources; it is a statement of public record, not an assessment of any program. All documented fintech partner banks.
Enforcement history
No termination appears in the source record.
The Federal Deposit Insurance Corporation issued an assessment of civil money penalty regarding Choice Financial Group, dated 2004-06-02. No termination of the action appears in the source record.
Source: Federal Deposit Insurance Corporation, retrieved Aug 11, 2026, snapshot 307da53793f0.
No termination appears in the source record.
The Federal Deposit Insurance Corporation issued an assessment of civil money penalty regarding Choice Financial Group, dated 2007-05-01. No termination of the action appears in the source record.
Source: Federal Deposit Insurance Corporation, retrieved Aug 11, 2026, snapshot 307da53793f0.
No termination appears in the source record.
The Federal Deposit Insurance Corporation issued a cease and desist / consent orders regarding Choice Financial Group, dated 2023-12-18. No termination of the action appears in the source record.
Source: Federal Deposit Insurance Corporation, retrieved Aug 11, 2026, snapshot 307da53793f0.
Compiled from FDIC enforcement decisions and orders, OCC enforcement actions as of Aug 11, 2026.
Filings
No filings captured yet.
Official records portals
- FDIC BankFind record (Cert. 9423)
- Federal Reserve NIC profile (RSSD 826956)
- FFIEC Call Report facsimiles (via NIC profile)
- Search SEC EDGAR filings by institution name
Public record status
Record: 1 item(s) on record.
- enforcement_clear: 3 open action(s)
This reflects public government records only. It is not an assessment of any company's compliance program.
Profile status
Sources & corrections
- Federal Deposit Insurance Corporation, retrieved Aug 10, 2026, snapshot 6ed48414ddbe
- Federal Deposit Insurance Corporation, retrieved Aug 11, 2026, snapshot 307da53793f0
To report an inaccuracy in this profile, see the corrections policy.