FDIC Issues Consent Orders & Prompt Corrective Actions To 26 Banks

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 […]

FDIC Enforcement Actions Issued On 32 Problem Banks – Is Your Bank On This List?

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 […]