FDIC Makes Public September Enforcement Actions
October 30, 2017 / Source: FDIC
FDIC Makes Public September Enforcement Actions;
No Administrative Hearings Scheduled for November 2017
FOR IMMEDIATE RELEASE
October 27, 2017
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in September. There are no administrative hearings scheduled for November 2017.
The FDIC issued a total of 23 orders, including one order issued in August, and one notice. The administrative enforcement actions in those orders consisted of eight consent orders; five Section 19 orders; one civil money penalty; three terminations of insurance; five terminations of consent orders; one termination of a restitution order; and one notice.
To view orders 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, 5,787 as of June 30, 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-83-2017