Question

Write short notes on Enforcement action.

Answer 1

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Enforcement Actions. The OCC may take enforcement actions for violations of laws, rules or regulations, final orders or conditions imposed in writing; unsafe or unsound practices; and for breach of fiduciary duty by institution-affiliated parties (IAPs).

Enforcement Actions. Administrative agencies are often tasked with enforcing statutes. Some agencies are authorized to pursue formal legal action for alleged violations of rules, regulations, or statutes.

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