FDIC Makes Public November 2019 Enforcement Actions
December 27, 2019 / Source: FDIC
FDIC Makes Public November Enforcement Actions;
No Administrative Hearings Scheduled for January 2020
FOR IMMEDIATE RELEASE
December 27, 2019
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in November. There are no administrative hearings scheduled for January 2020.
The FDIC issued 14 orders in November 2019. The administrative enforcement actions in those orders consisted of two consent orders; one civil money penalty; one order terminating consent order; one supervisory prompt corrective directive action; five section 19 orders; two removal and prohibition orders; and two orders terminating prompt supervisory corrective action directives.
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.
November 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, 5,256 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-127-2019