Scheme: 
FRSXBOAR0002
Case Type Number: 
4
Statute (Common Name): 
Federal Deposit Insurance Act
Program Area: 
Banking/Financial Services
Legal Authorities (Statute/Exec. Order): 
12 USC 1831m(g)(4)
Regulatory Authorities (CFR): 
12 CFR 263.402
Filed By: 
Private Party/Individual
Brief Description of Case Type: 
The Board may remove an accountant (or accounting firm) from performing audit services without conducting a preliminary hearing, if such a removal is in the public interest. If this happens, the accountant or firm may petition for a stay of the suspension.
Relief Available in Actions Filed By Private Parties: 
Reinstatement/Restoration of Existing Right or Privilege
Verified by Agency: 
Not verified