FDIC Makes Public February Enforcement Actions
March 31, 2017 / Source: FDIC
FOR IMMEDIATE RELEASE
March 31, 2017
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in February. There are no administrative hearings scheduled for April 2017.
The FDIC issued a total of 14 orders and one notice. The administrative enforcement actions in those orders consisted of one consent order; five removal and prohibition orders; one Section 19 order; five civil money penalties; three terminations of consent orders and cease and desist orders; one prompt corrective action directive; and one notice.
To view the orders and notice online, please visit the FDIC's webpage 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, 5,913 as of December 31, 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-26-2017