FDIC Makes Public July Enforcement Actions
August 28, 2017 / Source: FDIC
FDIC Makes Public July Enforcement Actions;
No Administrative Hearings Scheduled for September 2017
FOR IMMEDIATE RELEASE
August 25, 2017
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in July. There are no administrative hearings scheduled for September 2017.
The FDIC issued a total of 24 orders. The administrative enforcement actions in those orders consisted of three consent orders; seven removal and prohibition orders; four Section 19 orders; three civil money penalties; and seven terminations of consent orders.
To view orders and notices 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 con?dence 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 ?nancial 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-63-2017