FDIC Makes Public September Enforcement Actions;
No Administrative Hearings Scheduled for November 2016
October 28, 2016
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 2016.
The FDIC issued a total of 14 orders. The administrative enforcement actions in those orders consisted of three consent orders; one removal and prohibition order; five Section 19 orders; one civil money penalty; one voluntary termination of deposit insurance order; and four terminations of consent orders or cease and desist orders.
To view the orders online, please visit the FDIC's webpage 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, 6,058 as of June 30, 2016. 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-96-2016