The FDIC issued 60 enforcement actions against problem banks in February, down slightly from 61 in January.  Among the more serious administrative enforcement actions processed were 22 consent orders, 13 civil money penalties and 7 prompt corrective actions. The FDIC and other regulators use enforcement actions to address serious deficiencies and when there is regulatory doubt [...]

During January 2011, the FDIC issued another slew of enforcement actions against problem banks including 24 consent orders, 4 removal and prohibition orders, 20 civil money penalties, 2 prompt corrective actions and 11 orders terminating consent orders or prompt corrective directives. Formal enforcement actions are publicly disclosed by regulators and used to address severe [...]

The FDIC had an extremely busy December, issuing 76 enforcement actions against banks and individuals. The list of administrative enforcement actions taken included 20 consent orders, 1 cease and desist order, 3 prompt corrective actions and 24 civil money penalties. Formal enforcement actions are publicly disclosed by regulators and used to address severe deficiencies or when [...]

December, 2010 – The FDIC recently released a list of orders of administrative enforcement actions taken against banks in November, including 28 consent orders (formerly called “cease and desist consent orders”),  28 civil money penalties  and 2 prompt corrective actions.  All categories of enforcement actions rose significantly from October when 16 consent orders, [...]

November, 2010 – The FDIC recently released a list of orders of administrative enforcement actions taken against banks in October, including 1 cease and desist order, 16 consent orders (formerly called “cease and desist consent orders”),  18 civil money penalties  and 1 Prompt Corrective Action. Formal enforcement actions are publicly disclosed by regulators [...]

October 30, 2010 – The FDIC recently released a list of orders of administrative enforcement actions taken against banks in September, including 30 “Consent Orders” (formerly called “cease and desist consent orders”) and 5 Prompt Corrective Actions. Formal enforcement actions are publicly disclosed by regulators and used to address severe deficiencies or when [...]

October 1, 2010 – The FDIC recently released a list of orders of administrative enforcement actions taken against banks, including 22 “Consent Orders” (formerly called “cease and desist consent orders”) and 4 Prompt Corrective Actions. A cease and desist order (consent order) is issued when the FDIC has “determined that it had reason to believe [...]

August 27, 2010 – The FDIC today released a list of orders of administrative enforcement actions taken against banks, including 30 cease and desist consent orders. A cease and desist order is issued when the FDIC has “determined that it had reason to believe that the Bank engaged in unsafe or unsound banking practices and violations of law and/or regulations.” It [...]

July 30, 2010 – The FDIC today released a list of orders of enforcement actions taken against banks and individuals.   A total of 29 cease and desist consent orders and 3 prompt corrective actions orders were issued. The Federal Deposit Insurance Corporation, the federal agency in charge of safeguarding the nation’s bank deposits, maintains a confidential Problem Bank [...]