EIC School July-Aug 2022

Informal Actions

Regulatory Letter

Board Resolution

Memorandum of Understanding (MOU)

Section 39 of the FDIC Act (FDIC)

Formal Actions Written Agreement

• Issued to state member banks • Signed by Regulators and Board

Consent Order ( C & D)

• Issued to state member and non-member banks • Signed by Regulators and Board • Requires bank to immediately stop inappropriate action or implement affirmative action