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Cease and desist order |
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Cease and desist orderAn order issued after notice and opportunity for hearing, requiring a depository instition, a holding company or a depository institution official to terminate unlawful, unsafe or unsound banking practices. Cease-and-desist orders are issued by the appropriate federal regulatory agencies under the Financial Institutions Supervisory Act and can be enforced directly by the courts.Cease and desist order |
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