News & Analysis as of August 14, 2025

Civil Monetary Penalty

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The Federal Deposit Insurance Corporation is a United States federal agency created in 1933 in response to widespread bank failures in the 1920s and early 1930s. The FDIC's mission is to maintain stability and consumer confidence in the United States banking system by insuring deposits, monitoring the health of financial institutions and managing receiverships. less -

FDIC orders state bank to pay $1.375B

Orrick, Herrington & Sutcliffe LLP on 4/28/2025

On April 18, the FDIC announced that it amended its 2023 consent order against an insured state nonmember bank, as well as issued a new order for restitution and order to pay, concluding the bank recklessly engaged in unsafe...more

FDIC releases December 2024 enforcement actions

Orrick, Herrington & Sutcliffe LLP on 2/12/2025

On January 31, the FDIC released a list of 18 administrative enforcement actions taken against banks and individuals in December 2024. The public orders comprised 14 stipulated orders and written agreements (and one...more

Banks each pay $1M to FDIC for unspecified rewards program issue

Orrick, Herrington & Sutcliffe LLP on 10/7/2024

Recently, the FDIC ordered two affiliated state nonmember banks to each pay a $1,000,000 civil monetary penalty (orders here and here). These penalties resolve claims of unfair practices related to their rewards programs and...more

FDIC issues May 2024 enforcement actions

Orrick, Herrington & Sutcliffe LLP on 7/17/2024

Recently, the FDIC released a list of administrative enforcement actions taken against banks and individuals in May 2024. During that month, the FDIC made public 15 orders consisting of: a combined personal consent order and...more

FDIC Announces $1.5 Million Settlement with Arkansas-Based Bank and Employees

Goodwin on 5/28/2024

On May 17, 2024, the Federal Deposit Insurance Corporation (FDIC) announced a settlement with an Arkansas bank and nine of its employees, resolving allegations that the bank and the employees violated Section 5 of the...more

FDIC releases November enforcement actions

Orrick, Herrington & Sutcliffe LLP on 1/8/2024

On December 29, the FDIC released a list of administrative enforcement actions taken against banks and individuals in November. The FDIC made 12 orders public including, “five consent orders, three prohibition orders, two...more

FDIC issues November enforcement actions

Orrick, Herrington & Sutcliffe LLP on 1/6/2023

On December 30, the FDIC released a list of orders of administrative enforcement actions taken against banks and individuals in November. The FDIC made public nine orders consisting of “two consent orders; two orders...more

Review of Anti-Money Laundering and Sanctions Policy and Enforcement

White & Case LLP on 1/22/2019

TABLE OF CONTENTS: Executive Summary - Developments and Trends in Policy and Enforcement - US Department of the Treasury - The Office of Foreign Assets Control - Treasury's Financial Crimes Enforcement Network -...more

FDIC Issues Guidance Regarding Exclusions from, and Limits on Indemnification for CMPs under, Director and Officer Liability...

Goodwin on 10/18/2013

The FDIC issued a financial institution letter (“FIL-47-2013”) concerning exclusions from, and limits on indemnification for civil money penalties (“CMPs”) under, banks’ director and officer liability insurance policies ...more

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Federal Deposit Insurance Corporation › Banks › Civil Monetary Penalty

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