FDIC Makes Public March Enforcement Actions
April 24, 2020 / Source: FDIC
FDIC Makes Public March Enforcement Actions;
No Administrative Hearings Scheduled for May 2020
FOR IMMEDIATE RELEASE
April 24, 2020
Julianne Fisher Breitbeil
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in March 2020. There are no administrative hearings scheduled for May 2020.
The FDIC issued 13 orders in March 2020. The administrative enforcement actions in those orders consisted of 5 Section 19 orders, 2 orders to pay civil money penalties, 2 orders of prohibition, 2 orders terminating consent orders, 1 order voluntarily terminating deposit insurance, and 1 modification of an order of prohibition.
To view orders, adjudicated decisions and notices and any scheduled 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-53-2020