FDIC Makes Public July Enforcement Actions
August 29, 2016 / Source: FDIC
One Administrative Hearing Scheduled for September 2016
FOR IMMEDIATE RELEASE
August 26, 2016
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in July. One administrative hearing is scheduled for September 2016.
The FDIC issued a total of 21 orders. The administrative enforcement actions in those orders consisted of one consent order; nine removal and prohibition orders; five Section 19 orders; and six 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, 6,122 as of March 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-72-2016