FDIC Issues 61 January Enforcement Actions On Problem Banks

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 deficiencies […]