FDIC Makes Public September 2018 Enforcement Actions
October 26, 2018 / Source: FDIC
FDIC Makes Public September Enforcement Actions;
No Administrative Hearings Scheduled for November 2018
FOR IMMEDIATE RELEASE
October 26, 2018
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in September. There are no administrative hearings scheduled for November 2018.
The FDIC issued a total of 24 orders in September. The administrative enforcement actions in those orders consisted of three consent orders; five terminations of consent orders; one termination of restitution order; six Section 19 orders; one amended consent order; five removal and prohibition orders; one civil money penalty; three terminations of insurance; and one termination of prompt corrective action directive.
To view orders, adjudicated decisions and notices online, please visit the FDIC's Web page by clicking the link below.
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, 5,542 as of June 30, 2018. 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-79-2018