The Federal Deposit Insurance Corporation (FDIC) has laid out a comprehensive list of administrative enforcement actions taken against banks and individuals during the month of November 2024. Marking a significant development, there are no administrative hearings scheduled for January 2025.
Among the actions announced, the FDIC issued 11 orders, including two orders of prohibition, two consent orders, three civil monetary penalty (CMP) orders, three orders terminating consent orders, one combined order of prohibition and order for restitution, and one notice. Additionally, there was one adjudicated Decision and Order.
The actions spanned a range of violations, with some involving breaches in financial practices and others addressing issues related to compliance with FDIC regulations. Details of these enforcement measures are available on the FDIC’s website for public review.
With no administrative hearings scheduled for January, the FDIC is expected to continue its robust oversight efforts aimed at ensuring the stability and integrity of the banking system. The release of these orders serves as a stark reminder of the regulatory agency’s commitment to enforcing laws and protecting consumers.
The full list of November 2024 Enforcement Decisions and Orders can be accessed online, providing a detailed look into the efforts of the FDIC in maintaining the integrity of the financial sector.
For more information on these actions or to review the orders in their entirety, please visit the FDIC’s Web page by clicking the link below:
November 2024 Enforcement Decisions and Orders
Contact: LaJuan Williams-Young
Last Updated: December 27, 2024
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Key Facts
- Agency: FDIC
- Category: Fraud & Financial Crimes|Public Corruption
- Source: Official Source ↗
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