FDIC releases September enforcement actions

Bank Regulatory Federal Issues Enforcement FDIC

On October 25, the FDIC released a list of administrative enforcement actions taken against banks and individuals in September. During the month, the FDIC made public ten orders consisting of “four consent orders, four orders terminating consent orders, and two orders terminating deposit insurance.” The FDIC publicly released several consent orders, including an order to a Texas-based insured state nonmember bank alleging unsafe or unsound banking practices, requiring the bank to implement certain liquidity plans, capital plans, strategic plans and progress reports to the regulators, among other things. The bank neither admitted nor denied the FDIC’s findings and accepted the terms of the order.