FDIC Slams Banks with December Enforcement Actions

Washington, D.C. – The Federal Deposit Insurance Corporation (FDIC) dropped the hammer on a host of banks and individuals this December with a series of enforcement actions, revealed today. With no administrative hearings scheduled for February 2023, the FDIC sent a clear message that financial misdeeds will not be tolerated.

In December alone, the FDIC issued 17 Orders. These included one order to pay a civil money penalty, two consent orders, a combined personal consent order and order to pay, two Section 19 orders, four prohibition orders, and seven orders terminating insurance. The breadth of these actions spanned everything from violations of regulatory compliance to outright fraud.

“The FDIC’s aggressive stance on enforcement is a testament to the agency’s commitment to protecting depositors and ensuring financial stability,” said an FDIC spokesperson. “These actions demonstrate that the FDIC will not hesitate to take action against any entity or individual that violates our regulations.”

For those looking for details on specific orders, adjudicated decisions, notices, and administrative hearing details, the FDIC’s Web page offers a comprehensive breakdown.

The agency’s swift response to financial misconduct underscores its dedication to maintaining confidence in the nation’s banking system. With the holiday season behind us, it seems the FDIC is ready to tackle 2023 with the same level of vigilance and determination.

For more information, contact:

FDIC:
LaJuan Williams-Young, (703) 470-0201

Last Updated: January 27, 2023