FDIC Makes Public March Enforcement Actions;
No Administrative Hearings Scheduled for May 2016
April 29, 2016
The Federal Deposit Insurance Corporation (FDIC) Today Released a List of Orders of Administrative Enforcement Actions Taken Against Banks and Individuals in March. No Administrative Hearings are Scheduled for May 2016.
The FDIC issued a total of 26 orders, including one issued in February, and one notice. The administrative enforcement actions in those orders consisted of one consent order; one prompt corrective action; one removal and prohibition order; 11 Section 19 orders; two civil money penalties; two voluntary terminations of insurance; seven terminations of consent orders and cease and desist orders; one adjudicated decision; 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-33-2016