FDIC Makes Public August Enforcement Actions;
One Administrative Hearing Scheduled for October 2016
September 30, 2016
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in August. One administrative hearing is scheduled for October 2016.
The FDIC issued a total of 43 orders. The administrative enforcement actions in those orders consisted of seven consent orders; 13 removal and prohibition orders; five Section 19 orders; six civil money penalties; one amended consent order; 13 terminations of consent orders, cease and desist orders; an order of restitution; a removal from office order; and a supervisory prompt corrective action order.
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, 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-84-2016