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Withdrawn Date: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:

Supporting Files

• New Classification System for Citing Violations in Reports of Examination

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