FDIC Makes Public November Enforcement Actions
December 30, 2016 / Source: FDIC
No Administrative Hearings Scheduled for January 2017
FOR IMMEDIATE RELEASE
December 30, 2016
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in November. There are no administrative hearings scheduled for January 2017.
The FDIC issued a total of 18 orders and one notice. The administrative enforcement actions in those orders consisted of three consent orders; seven removal and prohibition orders; two Section 19 orders; two civil money penalties; and five terminations of consent orders and cease and desist orders; one termination of supervisory prompt corrective action; and one notice.
To view the orders and notice 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, 5,980 as of September 30, 2016. 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-112-2016