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FDIC Makes Public June Enforcement Actions; No Administrative Hearings Scheduled for August 2019

July 26, 2019 / Source: FDIC

Press Releases

FDIC Makes Public June Enforcement Actions;

No Administrative Hearings Scheduled for August 2019

FOR IMMEDIATE RELEASE
July 26, 2019

Media contact:
LaJuan Williams-Young
(202) 898-6876
Lwilliams-young@fdic.gov

The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in June. There are no administrative hearings scheduled for August 2019.

The FDIC issued a total of 14 orders in June 2019, and is publishing one issued in May 2019. The administrative enforcement actions in those orders consisted of one stipulated consent order; three termination of consent orders; five Section 19 orders; one stipulated civil money penalty order; two stipulated removal and prohibition orders; two voluntary terminations of deposit insurance; and one adjudicated civil money penalty order.

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

June 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-68-2019