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Media contact:
LaJuan Williams-Young
202-898-3876 (office)
Lwilliams-young@fdic.gov
FDIC Makes Public February Enforcement Actions
No Administrative Hearings Scheduled for April 2018
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals. There are no administrative hearings scheduled for April 2018.
The FDIC issued a total of 15 orders in February. The administrative enforcement actions in those orders consisted of one consent order; four Section 19 orders; seven removal and prohibition orders; one civil money penalty; two terminations of consent orders; one termination of insurance; and one order of restitution.
Additionally, the FDIC made public a termination of consent order and a termination of insurance issued in December 2017, and a Section 19 order issued in January 2018.
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, 5,670 as of December 31, 2017. 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-22-2018
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