Enforcement Actions & Legal Developments
As the primary federal regulator for state member banks, bank holding companies, savings and loan holding companies, and other banking entities, the Federal Reserve will take formal enforcement actions against these institutions for violations of laws, rules, or regulations, unsafe or unsound practices, breaches of fiduciary duty, and violations of final orders. Formal enforcement actions include cease and desist orders, written agreements, prompt corrective action directives, removal and prohibition orders, and orders assessing civil money penalties. Public enforcement actions by the Federal Reserve Board or by the Federal Reserve Banks are posted here upon issuance or termination.
The Federal Reserve's Ombudsman facilitates the resolution of questions and complaints related to the Federal Reserve's regulatory activities; ensures that complaints about Federal Reserve Board or Reserve Bank actions are addressed in a fair and timely manner; receives, reviews, and decides complaints that a member of Federal Reserve staff acted in a retaliatory manner against a supervised institution; and advises institutions regarding formal processes for resolving disputes, including procedures for appealing material supervisory determinations.