Violation of FDIC Electronic Finds Transfer

Not sure where this should go but we will start here. A builder and customer enter into contract to build home. All funds are supposed to be paid to Builder and Borrower Jointly via check. The authorization to do this was witnessed by the Loan Officer. Six months later Builder goes Bankrupt. It is discovered that the Loan Officer authorized a wire transfer directly into Builder's account for over 28K without the Borrower's knowledge or approval on the day of Closing. We surmised the LO did this to insure the transaction would close and she would get her commission. This was never disclosed to the Closing Attorney nor anyone else until the Borrower started to investigate. Is this a violation of FDIC regulations.