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FDIC Makes Public July 2019 Enforcement Actions

August 30, 2019 / Source: FDIC

Press Releases

FDIC Makes Public July Enforcement Actions;

One Administrative Hearing Scheduled for September 2019

FOR IMMEDIATE RELEASE
August 30, 2019

Media contact:
David Barr
(202) 898-6992
dbarr@fdic.gov

The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in July. There is one administrative hearing scheduled for September 2019.

The FDIC issued a total of 14 orders and one notice of charges in July 2019.The administrative enforcement actions in those orders consisted of four stipulated consent orders; four terminations of consent orders; four Section 19 orders; one stipulated civil money penalty order; one stipulated removal and prohibition order; and one notice of charges and hearing.

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

July 2019 Enforcement Decisions and Orders

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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, 5,362 as of March 31, 2019. 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-75-2019