FDIC Makes Public June Enforcement Actions
July 30, 2018 / Source: FDIC
FDIC Makes Public June Enforcement Actions;
No Administrative Hearings Scheduled for August 2018
FOR IMMEDIATE RELEASE
July 27, 2018
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 2018.
The FDIC issued a total of 12 orders. The administrative enforcement actions in those orders consisted of four Section 19 orders; one civil money penalty; one removal and prohibition order; one prompt corrective action directive; three terminations of consent orders; one termination of prompt corrective action directive; and one modification of removal and prohibition order.
To view orders, adjudicated decisions 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 confidence in the nation's banking system. The FDIC insures deposits at the nation's banks and savings associations, 5,607 as of March 31, 2018. 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-46-2018