FDIC Makes Public February 2020 Enforcement Actions
March 27, 2020 / Source: FDIC
FDIC Makes Public February Enforcement Actions;
No Administrative Hearings Scheduled for April 2020
FOR IMMEDIATE RELEASE
March 27, 2020
Office: (202) 898-6992
Cell: (703) 622-4790
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in February. There are no administrative hearings scheduled for April 2020.
The FDIC issued 16 orders in February 2020. The administrative enforcement actions in those orders consisted of three consent orders; two orders to pay; five removal and prohibition orders; four section 19 applications; two voluntary terminations of deposit insurance; and one termination of consent order.
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, 5,177 as of December 31, 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-42-2020