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Media contact:
LaJuan Williams-Young
202-898-3876 (office)
Lwilliams-young@fdic.gov
FDIC Makes Public March Enforcement Actions
No Administrative Hearings Scheduled for May 2018
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in March. There are no administrative hearings scheduled for May 2018.
The FDIC issued a total of 19 orders and one adjudicated decision in March. The administrative enforcement actions in those orders consisted of three consent orders; seven Section 19 orders; five civil money penalties; six terminations of consent orders; three orders of restitution; and one decision and order dismissing notice of intention to prohibit from further participation, notice of charges, notice of assessment of civil money penalties, and order to pay.
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-28-2018
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