WASHINGTON - Citing numerous violations of consumer protection rules, the Federal Reserve Board last week rejected Johnson International Inc.'s bid to acquire Seaboard Savings Bank of Stuart, Fla.

The Fed said the Racine, Wis.-based holding company misreported Home Mortgage Disclosure Act data and violated the Truth-in-Lending Act, the Equal Credit Opportunity Act, and the Truth-in-Savings Act. It also failed to comply with the Electronic Funds Transfer Act and the Expedited Funds Availability Act.

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