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18 Oct 2008, 12:34 am
But also notice, that we've moved in the direction of government direct lending anyhow: the Fed is buying commercial paper (using a special deposit from the Treasury to do so) and FHA-insured refinancings as part of the hapless HOPE for Homeowners Act are equivalent to mortgage lending. [read post]
15 Oct 2008, 5:08 am
News release: "The Federal Deposit Insurance Corporation (FDIC) announces a new program â [read post]
15 Oct 2008, 2:49 am
Here's the section in question: (c) Unenforceability of Certain Agreements- Section 13(c) of the Federal Deposit Insurance Act (12 U.S.C. 1823(c)) is amended by adding at the end the following new paragraph: (11) UNENFORCEABILITY OF CERTAIN AGREEMENTS- No provision contained in any existing or future standstill, confidentiality, or other agreement that, directly or indirectly-- (A) affects, restricts, or limits the ability of… [read post]
14 Oct 2008, 11:50 am
A joint statement was issued by United States Treasury Secretary Henry Paulson, Federal Reserve Chairman Benjamin Bernanke, and Federal Deposit Insurance Corporation (“FDIC”) Chairman Sheila Bair regarding the role each governing body will play in bolstering public confidence in the United States banking system and the restoration and stabilization of market liquidity needed to support economic growth.First, the Treasury will institute… [read post]
14 Oct 2008, 9:00 am
The bailout bill added the following to Section 13(c) of the Federal Deposit Insurance Act (12 U.S.C. 1823(c)) [the bolded language is the most relevant here]: (11) UNENFORCEABILITY OF CERTAIN AGREEMENTS. [read post]
13 Oct 2008, 9:37 pm
Under regulations in effect prior to the passage of the Act, principal and interest payments on mortgage loans that were deposited into a Federal Deposit Insurance Corporation ("FDIC")-insured institution were treated as owned by the investors (and therefore insured as to the investors) that owned the mortgage loans, and taxes and insurance funds were insured to the mortgagors or borrowers on the… [read post]
12 Oct 2008, 2:20 pm
Encouraged by the Federal Deposit Insurance Corporation (FDIC) [official website], Citigroup agreed earlier this month to buy out Wachovia for $2.1 [read post]
10 Oct 2008, 10:24 pm
Mark Kirk and Chris Carney Letter Expresses a Need for More Resources to Investigate Corporate Fraud Interim Final Rule: Deposit Insurance Regulations, Temporary Increase in Standard Coverage Amount, Mortgage Servicing Accounts (PDF 128 KB) Rule as Adopted by the Federal Deposit Insurance Corporation on Oct. 10, 2008 Notice to Address Amended Returns for Hurricane-Related Casualty Losses and Subsquent Grants Reimbursing Such Losses… [read post]
9 Oct 2008, 9:58 am
Financial institutions are defined to include institutions such as banks, savings associations, credit unions, security brokers or dealers or insurance companies. [read post]
8 Oct 2008, 11:34 pm
AIG paid a deposit of $402,701.04. [read post]
8 Oct 2008, 8:00 pm
Thorne, NO GOOD DEED GOES UNPUNISHED: PROVISIONAL LIENS ON DEPOSITS, PREFERENCE LIABILITY AND UCC SECTION 4-210, 26-JAN Am. [read post]
8 Oct 2008, 2:16 pm
It could be housed in the Treasury Department, much like the Federal Financing Bank, or possibly as a division of the Federal Financing Bank. [read post]
7 Oct 2008, 8:09 pm
Answer: No, according to the Fourth District Court of Appeal, Division One, in Federal Deposit Insurance Corporation v. [read post]
7 Oct 2008, 4:29 pm
By contrast, the Federal Deposit Insurance Corporation is backstopping some of the potential losses in Citi’s $2 billion deal. [read post]
6 Oct 2008, 2:16 pm
FDIC stands for "Federal Deposit INSURANCE Corporation. [read post]
2 Oct 2008, 11:00 pm
The Office of the Comptroller of Currency, Federal Reserve Board, Federal Deposit Insurance Corporation, the Office of Thrift Supervision, National Credit Union Association, and the Federal Trade Commission ("FTC") issued regulations, known as the "Red Flag Rules," requiring financial institutions and creditors to develop and implement written programs to detect, prevent and mitigate instances of identity theft. [read post]
2 Oct 2008, 11:00 pm
The Office of the Comptroller of Currency, Federal Reserve Board, Federal Deposit Insurance Corporation, the Office of Thrift Supervision, National Credit Union Association, and the Federal Trade Commission ("FTC") issued regulations, known as the "Red Flag Rules," requiring financial institutions and creditors to develop and implement written programs to detect, prevent and mitigate instances of identity theft. [read post]
1 Oct 2008, 9:58 am
Any insurance company that participates in TARP would be required to subject to certain executive compensation and corporate governance requirements. [read post]
29 Sep 2008, 2:10 am
Executive Compensation and Corporate Governance. [read post]
28 Sep 2008, 8:16 pm
September 25, 2008 [6714-01-P] FEDERAL DEPOSIT INSURANCE CORPORATION 12 CFR Part 330 RIN 3064 - Deposit Insurance Regulations; Revocable Trust Accounts AGENCY: Federal Deposit Insurance Corporation (FDIC). [read post]
