Related Federal Cases
- Free Money Gang Members Face Justice, Houston TX, 2023 · Washington
- US Officials Charged with Obstruction of Justice, Washington DC, 2023 · Maryland
- US Justice Department, Drug and Arms Trafficking, Washington D.C., … · New York
- FDIC, Failing to Meet Community Needs, Washington DC, 2026
- FDIC Insists on $69.9B Net Income, Conceals $677M Loss, Washington … · Ohio
FDIC Bankers Face Justice for September Shenanigans
WASHINGTON — In a move that shows the Federal Deposit Insurance Corporation (FDIC) is cracking down on bank wrongdoing, the FDIC has released a list of orders of administrative enforcement actions taken against banks and individuals in September 2023. The actions were taken against nine banks and individuals, with one order to pay a civil money penalty, five consent orders, and three orders terminating deposit insurance.
The FDIC issued orders against banks and individuals who allegedly engaged in serious financial crimes. These include one bank ordered to pay a civil money penalty of $100,000. In addition, five banks were issued consent orders, while three banks had their deposit insurance terminated.
No administrative hearings are scheduled for November 2023, according to the FDIC. The release of these enforcement actions is a step in the right direction for the FDIC, which has faced criticism for its handling of banking regulations in the past. The FDIC has stated that it will continue to take action against banks and individuals who engage in financial crimes.
The FDIC has made the orders available online for public viewing. To access the documents, visit the FDIC’s Web page. The link to the September 2023 Enforcement Decisions and Orders is available on the FDIC’s website.
LaJuan Williams-Young, a spokesperson for the FDIC, said, ‘The FDIC is committed to ensuring the integrity of the banking system. We will continue to take action against banks and individuals who engage in financial crimes.’
The FDIC’s action is a reminder that financial crimes will not be tolerated. The agency’s efforts to increase transparency and accountability in the banking industry are a welcome step forward.
Contact LaJuan Williams-Young at (703) 470-0201 for more information on the FDIC’s enforcement actions.
Last Updated: October 27, 2023
Key Facts
- Agency: FDIC
- Category: Fraud & Financial Crimes
- Source: Official Source â†â€â€ÂÂ
ðŸâ€ÂÂÂ’ Get the grimiest stories delivered weekly. Subscribe free →
Browse More
All Federal Districts →All Districts →
MORE FEDERAL CRIME NEWS
US NewsUS NewsUS NewsUS News