FDIC Makes Public March 2019 Enforcement Actions
April 26, 2019 / Source: FDIC
FDIC Makes Public March Enforcement Actions;
One Administrative Hearing Scheduled for May 2019
FOR IMMEDIATE RELEASE
April 26, 2019
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in March. There is one administrative hearing scheduled for May 2019.
The FDIC issued a total of 13 orders, including one issued in December 2018. The administrative enforcement actions in those orders consisted of three consent orders; two orders terminating consent orders; four Section 19 orders; one removal and prohibition order; two voluntary terminations of insurance orders; and two orders to pay civil money penalty.
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, 5,406 as of December 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-37-2019