FDIC Makes Public July Enforcement Actions; One Administrative Hearing Scheduled for September 2013

FDIC Subscriptions sent this bulletin at 08/30/2013 10:07 AM EDT

Press Release

FDIC Makes Public July Enforcement Actions;
One Administrative Hearing Scheduled for September 2013

FOR IMMEDIATE RELEASE
August 30, 2013
Media Contact:
David Barr
Office: (202) 898-6992
Email: dbarr@fdic.gov

 

The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in July. One administrative hearing is scheduled for September 2013.

The FDIC issued a total of 63 orders, including an order issued in June, and two notices. The orders included: eight consent orders; 13 removal and prohibition orders; one cross guarantee liability; eight civil money penalties; six section 19 orders; 23 terminations of consent orders and cease and desist orders; four orders terminating supervisory prompt corrective action directives; and two notices.

Copies of the orders referred to above can be obtained from or inspected at the FDIC's Public Information Center, 3501 Fairfax Drive, Room E-1002, Arlington, VA (telephone 703-562-2200 or 1-877-275-3342). To view all orders online, visit the FDIC's Web page by clicking the link below.

July 2013 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 7,019 banks and savings associations and 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-76-2013



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