FDIC Names Banks in July Enforcement Actions

WASHINGTON — The Federal Deposit Insurance Corporation (FDIC) has named several banks in a list of enforcement actions taken in July 2023. The list includes orders of administrative enforcement actions, with one administrative hearing scheduled for September 2023.

The FDIC issued ten orders and two Notices in July 2023. The enforcement actions consisted of two orders that combined a prohibition order and order to pay Civil Money Penalty (CMP); one combined personal consent order and order to pay CMP; four prohibition orders; one order modifying a prohibition order; one order of termination of deposit insurance; and one order to pay CMP for pattern or practice violations of the Flood Disaster Protection Act.

According to the FDIC, the orders were issued against banks and individuals who allegedly violated banking regulations. The exact details of the allegations are not specified in the report, but the FDIC has released a list of the orders and hearings scheduled for the affected parties.

The FDIC has scheduled one administrative hearing for September 2023 to review the enforcement actions. The hearing is set to take place in Washington, D.C. The details of the hearing, including the date and time, are not specified in the report.

The FDIC has made the list of orders and hearings available online for the public to view. The list includes the names of the banks and individuals affected, as well as the details of the enforcement actions taken.

The FDIC’s enforcement actions are designed to ensure that banks and individuals are complying with banking regulations and laws. The agency has the authority to issue fines and other penalties to those who violate these regulations.

Contact information for the FDIC is as follows:

LaJuan Williams-Young, (703) 470-0201

Last Updated: August 25, 2023