On August 30, the FDIC released a list of seven administrative enforcement actions taken against banks and individuals in June and July. The public orders comprised six safety and soundness orders, two of which were consent orders or orders to cease and desist, and four of which were actions against institution-affiliated parties. A Vermont-based bank was subject to one modified notice of charges and a hearing before an administrative law judge. The charges in the June order alleged the bank engaged in unsafe and unsound practices and violated the Bank Secrecy Act.
