The Federal Deposit Insurance Corporation (FDIC) recently made public its December enforcement actions, which included a list of orders of administrative enforcement actions taken against banks and individuals. It is important to note that there are no administrative hearings scheduled for February 2024.
In December 2023, the FDIC issued a total of 12 orders and one Decision and Order. These administrative enforcement actions covered a range of issues, including termination of deposit insurance, termination of consent orders, consent orders, termination of supervisory prompt corrective action directive, prohibition from further participation, orders to pay a civil money penalty (CMP), and a Decision and Order to Prohibit from Further Participation and Assessment of Civil Money Penalty.
To access the orders, adjudicated decisions, notices, and administrative hearing details online, you can visit the FDIC’s website and click on the provided link.
This announcement from the FDIC serves as a transparency effort to keep the public informed about the actions taken in response to various banking-related matters. By making this information available, the FDIC aims to ensure the integrity and stability of the banking industry.
It’s worth noting that the FDIC does not send unsolicited emails. If you have received this publication in error or no longer wish to receive it, you can unsubscribe.
To stay connected with the latest news and updates from the FDIC, it is recommended to visit their website and follow their official channels.
Frequently Asked Questions:
Q: What are administrative enforcement actions?
A: Administrative enforcement actions refer to the actions taken by regulatory bodies, such as the FDIC, to address violations or non-compliance with banking regulations and laws. These actions can include penalties, consent orders, terminations, and other measures.
Q: How does the FDIC ensure the integrity of the banking industry?
A: The FDIC plays a crucial role in maintaining the stability and integrity of the banking industry. It achieves this by supervising and regulating financial institutions, protecting depositors’ funds, mitigating risks, resolving failed banks, and promoting consumer confidence in the banking system.
Q: What should I do if I no longer wish to receive FDIC publications?
A: If you no longer wish to receive FDIC publications or have received them in error, you can unsubscribe from the service or contact the FDIC directly to request removal from their mailing list.
Tables:
Table 1: Summary of December 2023 Enforcement Actions
Order Type Number of Orders
Termination of deposit insurance 4
Termination of consent orders 3
Consent orders 2
Termination of supervisory prompt corrective action directive 1
Prohibition from further participation 1
Order to pay civil money penalty (CMP) 1
Decision and Order to Prohibit from Further Participation and Assessment of Civil Money Penalty 1
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