On May 10, 2021, the Federal Deposit Insurance Corporation (FDIC) announced a settlement with an Oregon-based bank concerning the bank’s alleged violations of Section 5 of the Federal Trade Commission Act (FTC Act), 15 U.S.C. § 45(a)(1). Under the settlement, the bank stipulated to the issuance of an order to pay a civil money penalty of $1.8 million. The FDIC…