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FDIC Makes Public May Enforcement Actions

July 02, 2018 / Source: FDIC

Press Releases
FDIC Makes Public May Enforcement Actions;
No Administrative Hearings Scheduled for July 2018

FOR IMMEDIATE RELEASE
June 29, 2018
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 2018.

The FDIC issued a total of 14 orders. The administrative enforcement actions in those orders consisted of five Section 19 orders; two civil money penalties; one removal and prohibition order; two terminations of consent orders; two terminations of insurance; one order for restitution; one modification of removal and prohibition order; and one modification of civil money penalty order.

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

May 2018 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, 5,607 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-39-2018