FDIC Makes Public December Enforcement Actions
January 31, 2020 / Source: FDIC
FDIC Makes Public December Enforcement Actions;
No Administrative Hearings Scheduled for February 2020
FOR IMMEDIATE RELEASE
January 31, 2020
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in December. There are no administrative hearings scheduled for February 2020.
The FDIC issued 20 orders in December 2019. The administrative enforcement actions in those orders consisted of one consent order; two orders to pay; three terminations of consent order; one order terminating supervisory prompt corrective action; six section 19 orders; four termination of insurance orders; one order of prohibition of further participation; one termination of restitution; and one order dismissing notice of charges and of hearing.
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.
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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, 5,256 as of September 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-6-2020