The court examined whether a final assessment order could stand without issuing a draft order to an eligible assessee. It held that bypassing the mandatory draft assessment process invalidates the ...

On December 16, the FDIC approved an interim final rule providing for the collection of a special assessment to recover losses to the deposit insurance fund arising from the systemic risk ...

The issue was failure to pass a final assessment order after DRP directions within the statutory timeline. The Court held the assessment invalid and time-barred, quashing the ...