FDIC Makes Public September Enforcement Actions;
No Administrative Hearings Scheduled for November 2015
October 30, 2015
Office: (202) 898-3876
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in September. No administrative hearings are scheduled for November 2015.
The FDIC issued a total of 36 orders and one notice. The administrative enforcement actions in those orders consisted of five consent orders; 10 removal and prohibition orders; six Section 19 orders; seven civil money penalties; two orders for restitution; one voluntary termination of insurance; one order modifying order of removal from office and prohibition from further participation; seven terminations of consent orders and cease and desist orders; one order dismissing notice of assessment of civil money penalty and order to pay.
To view the orders and notice online, please visit the FDIC's Web page by clicking the link below.
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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, 6,348 as of June 30, 2015. 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-85-2015