FDIC Makes Public December Enforcement Actions;
No Administrative Hearings Scheduled for February 2016
January 29, 2016
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 December. No administrative hearings are scheduled for February 2016.
The FDIC issued a total of 41 orders and one notice. The administrative enforcement actions in those orders consisted of seven consent orders; one amended consent order; eight removal and prohibition orders; four restitution orders; five voluntary termination of insurance orders; six Section 19 orders; four civil money penalty orders; 10 terminations of consent orders and cease and desist orders; one order terminating supervisory prompt corrective action directive; one termination of restitution order; 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, 6,270 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-5-2016