FDIC Makes Public April Enforcement Actions
May 26, 2017 / Source: FDIC
FDIC Makes Public April Enforcement Actions;
No Administrative Hearings Scheduled for June 2017
FOR IMMEDIATE RELEASE
May 26, 2017
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in April. There are no administrative hearings scheduled for June 2017.
The FDIC issued a total of 17 orders, including one civil money penalty issued in March. A Final Decision and Order of the FDIC Board issued in November 2016 was also published today. The administrative enforcement actions in those orders consisted of one consent order; five removal and prohibition orders; five Section 19 orders; four civil money penalties; and two terminations of consent orders and cease and desist orders.
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, 5,856 as of March 31, 2017. 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-40-2017