FDIC Makes Public June Enforcement Actions;
No Administrative Hearings Scheduled for August 2014
July 25, 2014
Office: (202) 898-6992
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in June. No administrative hearings are scheduled for August 2014.
The FDIC issued a total of 37 orders. The orders included: five consent orders; five removal and prohibition orders; eight section 19 orders; five civil money penalties; one voluntary termination of insurance order; 11 orders terminating consent orders and cease and desist orders; one order dismissing notice of charges, notice of assessment of civil money penalties, findings of fact and conclusions of law, order to pay and notice of hearing; and one order terminating supervisory prompt correction action.
Copies of the orders referred to above can be obtained from or inspected at the FDIC's Public Information Center, 3501 Fairfax Drive, Room E-1002, Arlington, VA (telephone 703-562-2200 or 1-877-275-3342). To view all orders online, visit the FDIC's Web page by clicking the link below.
# # #
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's banks and savings associations, 6,730 as of March 31, 2014. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars – insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200). PR-61-2014