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 […]
FDIC Issues October Enforcement Actions On Problem Banks
November 28, 2010 By 3 Comments
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 and used […]