FDIC Makes Public January Enforcement Actions;
No Administrative Hearings Scheduled for February 2017
February 24, 2017
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in January. There are no administrative hearings scheduled for March 2017.
The FDIC issued a total of 22 orders. The administrative enforcement actions in those orders consisted of one consent order; six removal and prohibition orders; three Section 19 orders; four civil money penalties; six terminations of consent orders and cease and desist orders; one modification; and three terminations of prompt corrective action directives.
To view the orders and notice online, please visit the FDIC's Web page 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, 5,980 as of September 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-14-2017