FDIC Makes Public October 2019 Enforcement Actions
December 2, 2019 / Source: FDIC
FDIC Makes Public October Enforcement Actions;
No Administrative Hearings Scheduled for December 2019
FOR IMMEDIATE RELEASE
November 29, 2019
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in October. There are no administrative hearings scheduled for December 2019.
The FDIC issued 15 orders, and one Notice of Charges & Hearing in October 2019. The administrative enforcement actions in those orders consisted of four terminations of consent orders; two voluntary terminations of deposit insurance; eight section 19 orders; and one removal and prohibition 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, 5,256 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-114-2019