New Classification System for Citing Violations in Reports of Examination

Details

• Publisher's site:
  https://www.fdic.gov
• Corporate Authors:
  Federal Deposit Insurance Corporation (FDIC)
• Description:
  The FDIC's Division of Depositor and Consumer Protection has revised the classification system for citing violations identified during compliance examinations to better communicate to institutions the severity of violations and to provide more consistency in the classification of violations cited in Reports of Examination. Violations identified during an examination will be assigned to one of three levels based primarily on the impact to consumers. The change is intended to help focus the institution's attention on the most significant issues identified during the examination and place violations that are more technical in nature in the appropriate perspective. This new three-level violation system replaces the current two-level system and will be used in examinations started on or after October 1, 2012.
• Subject:
  Consumer Protection
• Dataset Download URL:
  https://www.fdic.gov/news/financial-institution-letters/2012/fil12041.html
• Format:
  PDF
• Release Date:
  09/25/2012
• Update Date:
  11/26/2018
• Withdrawn Date:
  12/01/2018
• Agencies Involved:
  Federal Deposit Insurance Corporation (FDIC)
• Fdic Employee Involved:
  Sylvia Plunkett
• Source:
  FDIC Website
• Memorandum To:
  FDIC-Supervised Institutions
• Effective Date:
  10/01/2012
• FIL Number:
  FIL-41-2012
• Main Document Checksum:
  urn:sha256:e7e95584a0ef67a8a739a24613436cbd2b84c3bad876d1a6f20f6955bcbe4f74
• Download URL:
  https://archive.fdic.gov/view/fdic/7065/fdic_7065_DS1.pdf
• File Type:
  [PDF - 1.08 MB ]