The FDIC issued 57 enforcement actions in May against various banks and individuals, down from 76 in April. Among the enforcement actions issued were 10 consent orders, 11 civil money penalties, 1 prompt corrective action and 13 orders terminating consent orders. As explained in previous posts, various enforcement actions are taken depending on the severity […]
FDIC Issues Consent Orders & Prompt Corrective Actions To 26 Banks
October 1, 2010 By 1 Comment
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 […]