FDIC Makes Public April Enforcement Actions
May 29, 2018 / Source: FDIC
FDIC Makes Public April Enforcement Actions;
No Administrative Hearings Scheduled for June 2018
FOR IMMEDIATE RELEASE
May 25, 2018
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in April. There are no administrative hearings scheduled for June 2018.
The FDIC issued a total of 35 orders. The administrative enforcement actions in those orders consisted of two consent orders; one amended consent order; 11 Section 19 orders; four civil money penalties; 12 removal and prohibition orders; four terminations of consent orders; and one termination of prompt corrective action directive.
To view orders, adjudicated decisions 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, 5,607 as 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-31-2018