On September 18, 2026, the Federal Reserve Board announced the execution of three enforcement actions against former employees of Northstar Bank, American Express Travel Related Services Company, Inc., and Regions Bank. The actions are consent prohibition orders, a form of enforcement in which the individual agrees to be barred from the banking industry without admitting or denying the underlying findings. The announcement was made at 11:00 a.m. EDT and published on the Federal Reserve's press release page.
The first order is against Charles Alan Wright, a former employee of Northstar Bank in Bad Axe, Michigan, and cites misappropriation of customer funds. The second is against Stephanie K. Hudders, a former employee of American Express Travel Related Services Company, Inc. in New York, New York, and cites misapplication of funds and conflicts of interest. The third is against Elvisha White, a former employee of Regions Bank in Birmingham, Alabama, and cites check fraud. The Federal Reserve's release does not provide additional detail on the amounts involved, the time periods, or whether any criminal or civil proceedings accompanied the orders.
The issuance of consent prohibition orders signals that the Federal Reserve has determined these individuals engaged in unsafe or unsound practices or breaches of fiduciary duty sufficient to warrant removal from the banking industry. Because the orders are consent-based, they allow the agency to impose industry bars without protracted litigation. The geographic spread of the institutions—Michigan, New York, and Alabama—indicates that the enforcement actions are not tied to a single regional event but reflect separate supervisory or investigative matters.
What remains unknown is the full scope of each case. The Federal Reserve's summary does not state whether customer losses were recovered, whether the former employees were terminated or resigned before the orders, or whether the matters were referred for criminal prosecution. The release directs readers to a searchable database for additional enforcement actions and provides a media contact email and phone number, but no further case-specific documents are included in the announcement.