Seventh Circuit Upholds FDIC's Use of In-House Enforcement Proceedings After “Close and ...

The U.S. Seventh Circuit Court of Appeals upheld the FDIC's authority to resolve enforcement actions via in-house administrative proceedings despite constitutional challenges citing the Seventh Amendment, distinguishing its approach from the SEC in SEC v. Jarkesy. The ruling affirms the FDIC's unique statutory enforcement powers under the Federal Deposit Insurance Act and clarifies the public-rights exception that allows agency adjudications without jury trials.

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