Scheme: 
FRSXBOAR0002
Case Type Number: 
1
Statute (Common Name): 
Federal Deposit Insurance Act
Program Area: 
Banking/Financial Services
Legal Authorities (Statute/Exec. Order): 
12 USC 1818(g)
Regulatory Authorities (CFR): 
12 CFR 263.70-74
Filed By: 
Private Party/Individual
Brief Description of Case Type: 
"The Board may suspend an institution-affiliated party from office or prohibit an institution-affiliated party from further participation in any manner in the conduct of an institution's affairs when the person is charged in any information, indictment, or complaint authorized by a United States attorney with the commission of, or participation in, a crime involving dishonesty or breach of trust that is punishable by imprisonment for a term exceeding one year under State or Federal law." (12 CFR 263.71) A party who is suspended or removed may request an informal hearing challenging that determination.
Relief Available in Actions Filed By Private Parties: 
Reversal of Finding of Violation/Imposition of Penalty
Verified by Agency: 
Not verified