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FDIC Makes Public May Enforcement Actions

July 03, 2017 / Source: FDIC

Press Releases
FDIC Makes Public May Enforcement Actions;

No Administrative Hearings Scheduled for July 2017

FOR IMMEDIATE RELEASE
June 30, 2017
Media contact:
LaJuan Williams-Young
(202) 898-3876
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 May. There are no administrative hearings scheduled for July 2017.

The FDIC issued a total of 36 orders, including one Section 19 issued in April. The administrative enforcement actions in those orders consisted of one consent order; six removal and prohibition orders; six Section 19 orders; 14 civil money penalties; one order modifying order of removal from office and prohibition from further participation, three orders of restitution; and six terminations of consent orders.

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

May 2017 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, 5,856 as of March 31, 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 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-49-2017