FDIC releases October 2024 enforcement actions

Orrick, Herrington & Sutcliffe LLP
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On November 29, the FDIC released a list of administrative enforcement actions taken against banks and individuals in October. Specifically, the October actions included a consent order to address alleged unsafe and unsound banking practices, two orders assessing civil money penalties for alleged violations relating to the Flood Disaster Protection Act, and one combined order of prohibition and order for restitution relating to loan application referrals. The publicly-available actions included a termination of a consent order previously issued to a Washington State-based insured state nonmember bank.

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