FDIC Makes Public October Enforcement Actions
November 28, 2016 / Source: FDIC
FOR IMMEDIATE RELEASE
November 25, 2016
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in October. There are no administrative hearings scheduled for December 2016.
The FDIC issued a total of 24 orders. The administrative enforcement actions in those orders consisted of two consent orders; seven removal and prohibition orders; six Section 19 orders; four civil money penalties; and five terminations of consent orders and cease and desist orders.
To view the orders and notice online, please visit the FDIC's Web page by clicking the link below.
October 2016 Enforcement Decisions and Orders
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, 6,058 as of June 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-103-2016