; (2) take affirmative action to correct the conditions resulting from any such violation or practice; or (3) take such other action, as determined to be appropriate. (e) Removal and prohibition authority The applicable payment stablecoin regulator may remove an institution-affiliated party from their position or office or prohibit further participation of the institution-affiliated party in the affairs of the payment stablecoin issuer or in the affairs of all payment stablecoin issuers if the applicable payment stablecoin regulator determines that— (1) the institution-affiliated party has, directly or indirectly, committed a violation or attempted violation of this Act; (2) the institution-affiliated party has committed a violation of any provision of sub-chapter II of chapter 53 of title 31, United States Code; or (3) the institution-affiliated party is otherwise disqualified pursuant to subsection (b). (f) Enforcement and penalty authorities with respect to safety and soundness With respect to a payment stablecoin issuer, if the applicable payment stablecoin regulator has reasonable cause to believe that the payment stablecoin issuer or an institution-affiliated party of the payment stablecoin issuer is engaging or has engaged in an unsafe or unsound practice, the applicable payment stablecoin regulator shall have the same authorities and responsibilities as the Federal Deposit Insurance Corporation with respect to an insured depository institution and an institution-affiliated party under section 8 of the Federal Deposit Insurance Act ( 12 U.S.C. 1818 ). (g) Procedure (1) Notice For each violation or attempted violation of this Act, the applicable payment stablecoin regulator shall provide notice to the payment stablecoin issuer and any institution-affiliated party of the payment stablecoin issuer, which shall include— (A) a statement of facts constituting the identified violation or attempted violation