FDIC Makes Public August 2019 Enforcement Actions
September 27, 2019 / Source: FDIC
FDIC Makes Public August Enforcement Actions;
One Administrative Hearing Scheduled for October 2019
FOR IMMEDIATE RELEASE
September 27, 2019
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in August. There is one administrative hearing scheduled for October 2019.
The FDIC issued 13 orders, which includes one decision and order issued in July 2019. The administrative enforcement actions in those orders consisted of four consent orders; one removal and prohibition order; four civil money penalty orders; two terminations of consent orders; and five section 19 orders.
To view orders, adjudicated decisions and notices and the administrative hearing details online, please visit the FDIC's Web page by clicking the link below.
August 2019 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, 5,303 as of June 30, 2019. 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-82-2019