FDIC Releases List of Enforcement Actions Taken Against Banks and Individuals in February 2017

Courts Consumer Finance Enforcement FDIC Flood Insurance Flood Disaster Protection Act Bank Secrecy Act

On March 31, the FDIC released its list of administrative enforcement actions taken against banks and individuals in February. Several of the consent agreements included on the list seek civil money penalties for, among other things, violations of the Flood Disaster Protection Act of 1973 and its flood insurance requirements. Other violations cited in the enforcement actions relate to unsafe or unsound banking practices, breaches of fiduciary duty, and violations of the Bank Secrecy Act. There are no administrative hearings scheduled for April 2017. The FDIC database containing all of its enforcement decisions and orders may be accessed here.