Supervision and enforcement.

CFR · 2024-01-01 · US · Title 12

The Act provides FCA, acting through OSMO, with enforcement authority to protect the financial safety and soundness of the Corporation and to ensure that the Corporation's powers, functions, and duties are exercised in a safe and sound manner. (a) (1) Issue an order to cease and desist; (2) Issue a temporary order to cease and desist; (3) Assess civil monetary penalties against the Corporation and its directors, officers, employees, and agents; and (4) Issue an order to suspend, remove, or prohibit directors and officers. (b)

official document · source cfr-2024 · id 12:§ 650.3