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removal and prohibition (R&P) order

an enforcement order issued by the Office of Thrift Supervision forcing a person out of a current position with a savings institution and prohibiting the person from ever again working for any savings association, bank or credit union that has federal deposit insurance without the prior written approval of the institution's regulator. If the person agrees not to challenge the issuance of the order, it is called a consent removal and prohibition order.

Source : U.S. Department of the Treasury

Language : English


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