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FDIC Makes Public August Enforcement Actions

September 29, 2017 / Source: FDIC

The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in August. There are no administrative hearings scheduled for October 2017.

The FDIC issued a total of 22 orders, four notices, including one notice issued in May, and one adjudicated decision. The administrative enforcement actions in those orders consisted of two consent orders; three removal and prohibition orders; seven Section 19 orders; one civil money penalty; one termination of insurance; eight terminations of consent orders; four notices; and one adjudicated decision.

To view orders and notices online, please visit the FDIC's Web page by clicking the link below.

August 2017 Enforcement Decisions and Orders

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, 5,787 as of June 30, 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-75-2017