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Senior executives at USAA ignored warnings from compliance staff and consultants for years regarding multiple violations of U.S. federal banking laws and “intentionally” hid from regulators the scope of the company’s illegal practices, a former USAA director of compliance turned whistleblower told Compliance Week. “They (USAA) have been actively lying to regulators for years,” he said.The $225 million in combined civil penalties USAA has received, to date for compliance failures could portend more enforcement activity to come, the whistleblower suggested.“These fines are just the tip of the iceberg,”https://www.complianceweek.com/regulatory-enforcement/whistleblower-usaa-actively-lying-to-regulators-for-years-regarding-violations-of-law/31642.article