The FDIC Updates its Enforcement Actions Manual regarding Minimum Standards for Termination of Cease-and-Desist and Consent Orders

Details

• Publisher's site:
  https://www.fdic.gov/
• Corporate Authors:
  Federal Deposit Insurance Corporation (FDIC)
• Description:
  The FDIC has updated chapters one and four of its Formal and Informal Enforcement Actions Manual (manual), entitled Overview and Administrative Matters and Cease-and-Desist Actions , respectively, regarding the agency’s minimum standards for terminating cease and desist and consent orders issued under Section 8(b) of the Federal Deposit Insurance (FDI) Act. The manual provides direction for professional staff related to the work necessary to pursue formal and informal enforcement actions. It is also intended to support the work of the field, regional, and Washington office’s staff involved in processing and monitoring enforcement actions.
  
  Statement of Applicability: The contents of, and material referenced in, this FIL apply to all FDIC-supervised financial institutions.
• Dataset Download URL:
  https://www.fdic.gov/news/inactive-financial-institution-letters/2022/fdic-updates-its-enforcement-actions-manual-regarding
• Format:
  PDF
• Release Date:
  07/25/2022
• Update Date:
  07/25/2022
• Agencies Involved:
  Federal Deposit Insurance Corporation (FDIC)
• Law Involved:
  Federal Deposit Insurance Act (FDI Act)
• Source:
  FDIC Website
• FIL Number:
  FIL-34-2022
• Language:
  Eng
• Download URL:
  https://archive.fdic.gov/view/fdic/15510/fdic_15510_DS1.pdf
• File Type:
  [PDF - 788.72 KB]
• Collection(s):
  Inactive Financial Institution Letters (FILs)
• Main Document Checksum:
  urn:sha-512:f91fbff11a8c6d269279c6db652febe09b55ac4a2fc67fed0882d5e9bde8e8c0a5567b4ae790b16bc958257bedfadcc7727abb7315d01b6bdb3923102fa5072c