Search for: "Charter Bank"
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26 Jun 2017, 11:38 am
The OCC exceeded its statutory authority when it promulgated a regulation purporting to expand its chartering authority to allow it to issue national bank charters for purposes not otherwise specifically authorized in the National Bank Act. [read post]
5 Sep 2019, 11:18 am
The D.C. federal district court has granted the OCC’s motion to dismiss the lawsuit filed by the Conference of State Bank Supervisors (CSBS) to block the OCC from issuing special purpose national bank (SPNB) charters to fintech companies. [read post]
12 Jan 2018, 9:02 am
A 2017 issuance setting out proposed requirements for issuance of such a bank charter also was opposed by the DFS and the Conference of State Banking Supervisors (CSBS), the trade association for state bank regulators. [read post]
13 Sep 2012, 5:30 am
Lawyers within the Treasury Department have recommended a preliminary settlement with Standard Chartered, clearing the path for the British bank to pay a penalty to state and federal prosecutors and to move beyond claims that it flouted laws governing international money transfers, Jessica Silver-Greenberg reports in The New York Times. [read post]
6 Aug 2012, 10:10 am
Calling the British bank a "rogue institution," New York State's financial regulator has accused Standard Chartered of enabling Iranian businesses to hide illegally more than $250 billion in transactions, Jessica Silver-Greenberg reports. [read post]
21 Mar 2019, 12:00 pm
Because the NYDFS is challenging the OCC’s July 31, 2018 decision to issue SPNB charters and the OCC has admitted that it has never relied on its regulation to issue national bank charters to non-depository institutions, the NYDFS’s action accrued on July 31, 2018 and is not time-barred. [read post]
12 May 2010, 10:32 am
The Senate voted to amend its financial regulatory legislation to allow the Federal Reserve to retain its supervision of state-chartered banks and bank holding companies with less than $50 billion in assets. [read post]
6 May 2019, 11:49 am
A second alternative is to charter or acquire an industrial bank under Utah law, where ownership would not be subject to the BHCA. [read post]
16 Aug 2012, 12:59 pm
A lawsuit filed against Standard Chartered by survivors and the families of the 241 servicemen killed in the 1983 bombing of a U.S. marine barracks in Beirut, Lebanon, shows the wide-ranging litigation risks that banks are facing amid the recent wave of scandals. [read post]
8 Dec 2020, 6:34 am
Even New York, which introduced the widely-known BitLicense in 2015, has yet to officially address whether non-New York state chartered banks and national banks are permitted to provide crypto services in the state without first obtaining the BitLicense or NYDFS approval—despite OCC guidance clearly granting nationally-chartered banks the authority to do so. [read post]
6 Aug 2008, 2:54 pm
Senators Orrin Hatch and Blanche Lincoln have introduced legislation that would allow state-chartered banks operating as LLCs to be taxed as an LLC by the IRS. [read post]
25 May 2010, 8:00 am
Looking at 1,663 de novo banks established between 1998 and 2008, a study released May 19 by the Office of the Comptroller of the Currency shows “a clear and persistent shift away from national bank charters and in favor of state bank charters” over the last five years, with national bank charters dropping from about a quarter of all new charters to less than 13 percent since 2003… Read this… [read post]
9 Jan 2019, 1:49 pm
The OCC has filed a motion to dismiss the lawsuit filed in D.C. federal district court in October 2018 by the Conference of State Bank Supervisors (CSBS) to stop the OCC from issuing special purpose national bank (SPNB) charters to fintech companies. [read post]
4 Sep 2012, 1:30 am
Flooding in Niger Type of Event: Floods Location of Event: Niger – Niamey, Dosso, Agadez Date of Charter Activation: 28 August 2012 Charter Requestor: Direction Générale de la Sécurité Civile et de la Gestion des Crises (COGIC) Project Management: CNES Description of the Event Heavy flooding over the last few weeks has left 65 dead and over 100,000 homeless in Niger, caused by a severe rain season and the River Niger bursting its banks. [read post]
4 Dec 2009, 4:00 am
Currently, PenChecks serves primarily bank trustees and self-trustees by providing retirement plan benefit check processing... [read post]
22 Feb 2019, 11:16 am
Earlier this month, the Conference of State Bank Supervisors (CSBS) filed a brief opposing the OCC’s motion to dismiss [link to blog] the second lawsuit filed by CSBS to stop the OCC from issuing special purpose national bank (SPNB) charters to fintech companies. [read post]
10 Jan 2012, 7:38 am
Offered throughout the country, the workshops are intended for outside directors of nationally chartered community banks and federal savings associations with assets of less than $5 billion. [read post]
24 Jun 2019, 5:00 am
Prosecutors say that much of the money went directly into the men’s bank accounts. [read post]
7 Sep 2012, 6:44 am
Continuous rainfall and the release of the Ladgo Dam caused the Benoe River to burst its banks, which flooded neighbouring residential areas. [read post]
26 Feb 2024, 2:37 pm
ShareSince the Civil War, the U.S. banking industry has been divided between state banks, chartered and regulated by state authorities, and national banks, chartered and regulated by federal authorities. [read post]
