Which is NOT likely a consequence of a minor, first-time TISA violation?

The correct answer is that regulators issuing a cease and desist order and assessing a civil money penalty is not likely a consequence of a minor, first-time TISA (Truth in Savings Act) violation. Typically, minor, first-time violations are treated with a focus on education and correction rather than punitive measures.

Regulators usually aim to ensure compliance and may employ a more lenient approach for first-time infractions, especially when they are deemed minor. The focus is often on helping institutions improve their practices rather than imposing severe penalties. A cease and desist order, which essentially forces a financial institution to stop certain actions, and civil monetary penalties are usually reserved for more serious violations or repeated offenses rather than minor, one-time incidents.

In contrast, the other consequences listed are more likely outcomes. Reporting a violation in an examination report allows for transparency and ensures that the institution is aware of the infraction and can take steps to correct it. Increased scrutiny during future examinations is also a common practice, allowing regulators to monitor the institution for compliance and prevent recurrence of violations. Additionally, requiring additional training or changes in policies and procedures helps the institution enhance its compliance culture, fostering a proactive approach to regulatory requirements.