FDIC Makes Public October Enforcement Actions;
No Administrative Hearings Scheduled for December 2015
November 27, 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 October. No administrative hearings are scheduled for December 2015.
The FDIC issued a total of 15 orders, including one issued in September. The administrative enforcement actions in those orders consisted of one civil money penalty; six removal and prohibition orders; one voluntary termination of insurance; one Section 19 order; and six terminations of consent orders and cease and desist orders.
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, 6,270 as of September 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-93-2015