FDIC Makes Public September Enforcement Actions – No Administrative Hearings Scheduled For November 2023
The Federal Deposit Insurance Corporation (FDIC) has recently released a list of orders of administrative enforcement actions taken against banks and individuals in September 2023. In a press release on October 27, 2023, the FDIC announced that there are no administrative hearings scheduled for November 2023.
September 2023 Enforcement Actions
According to the FDIC, a total of nine orders were issued in September 2023. These orders included one order to pay a civil money penalty (CMP), five consent orders, and three orders terminating deposit insurance.
FDIC Web Page
To access the orders, adjudicated decisions, notices, and administrative hearing details online, interested individuals can visit the FDIC’s website. By clicking the link below, you can find more information regarding the September 2023 enforcement actions:
[FDIC’s Web Page](https://visbanking.com/)
Important Contacts
For media inquiries or further information, you can get in touch with LaJuan Williams-Young at lwilliams-young@FDIC.gov or by calling (202) 898-3876.
Frequently Asked Questions
1. What is the FDIC?
The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that aims to protect depositors and maintain stability in the nation’s banking system. It provides deposit insurance to depositors in banks and thrift institutions.
2. What are administrative enforcement actions?
Administrative enforcement actions are measures taken by the FDIC to address violations of laws, regulations, and policies by banks and individuals. These actions can include civil money penalties, consent orders, and termination of deposit insurance.
3. Why are enforcement actions necessary?
Enforcement actions are necessary to ensure the integrity and stability of the banking system. They help address misconduct, violations, or unsafe practices that may pose risks to depositors’ funds and the overall financial system.
4. How can I view the September 2023 enforcement decisions and orders?
You can view the September 2023 enforcement decisions and orders, along with other related information, by visiting the FDIC’s web page. Click the link below to access the page:
[FDIC’s Web Page](https://visbanking.com/)
5. Are there any administrative hearings scheduled for November 2023?
No, according to the FDIC’s press release, there are no administrative hearings scheduled for November 2023. This means that there will be no formal proceedings or hearings regarding enforcement actions during that month.
Conclusion
The FDIC has made public the enforcement actions taken in September 2023, consisting of civil money penalties, consent orders, and termination of deposit insurance. Interested individuals can access more information on the FDIC’s web page. Furthermore, there are no administrative hearings scheduled for November 2023.
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