FDIC Makes Public February Enforcement Actions;
One Administrative Hearing Scheduled for April 2016
March 25, 2016
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in February. One administrative hearing is scheduled for April 2016.
The FDIC issued a total of 32 orders and one notice. The administrative enforcement actions in those orders consisted of two consent orders; 13 removal and prohibition orders; five Section 19 orders; four civil money penalties; eight terminations of consent orders and cease and desist orders; and one notice.
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, 6,182 as of December 31, 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-24-2016