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16 Jun 2012, 5:50 am by BuckleySandler
The third proposed rule would apply to banking organizations that are currently subject to the advanced approaches rule or to the market risk rule, and for the first time, to savings and loan holding companies that meet the relevant size, foreign exposure, and trading activity thresholds. [read post]
1 Oct 2024, 9:01 pm by eorozco
The Federal Reserve, OCC and FDIC have not formally stated they are abandoning the 1995 Bank Merger Guidelines. [read post]
11 Apr 2023, 5:59 pm by Sabrina I. Pacifici
Four decades ago, the prolonged savings-and-loan crisis devastated that industry. [read post]
5 Feb 2024, 10:00 pm by Sherica Celine
The Office of the Comptroller of the Currency’s (OCC) recent proposal , released on January 29, 2024, seeks to update the rules for business combinations involving national banks and federal savings associations, and enhance transparency on the agency’s review process for bank mergers under the Bank Merger Act (BMA). [read post]
6 May 2008, 10:49 am
  Click here for a pdf of the newsletter, which contains an article on the OTS's approval of a federal savings bank's application to establish an operating subsidiary in China, among others. [read post]
25 Jul 2017, 10:30 am by Larry Tolchinsky
  Over the last several years, banks have provided countless homeowners the opportunity to save their homes by offering mortgage modifications that lowered the borrowers monthly payments. [read post]
24 Nov 2010, 5:50 am
Reston, Virginia based Mortgage Electronic Registration Systems, otherwise known as MERS, is now being investigated by Federal bank regulators Comptroller of Currency John Walsh recently announced. [read post]
12 Apr 2007, 2:26 pm
The product works like this: Every time you buy something with a BofA Visa debit card, the bank rounds up your purchase to the nearest dollar and transfers the difference from your checking into your savings account. [read post]
7 Feb 2024, 9:01 pm by renholding
Comments on the NPR will be due 60 days after publication in the Federal Register. [read post]
The new framework applies to the largest and most complex financial institutions subject to consolidated Federal Reserve supervision, including nonbank financial companies designated by the Financial Stability Oversight Council for supervision by the Federal Reserve; other domestic bank and savings and loan holding companies with consolidated assets of $50 billion or more; and other foreign banking organizations with combined assets of U.S. operations of… [read post]
11 Jun 2018, 10:47 am by Walker & Walker Law Offices
  This $12,000 wild card exemption is very useful for protecting things like money in bank accounts and tax refunds. [read post]
27 Sep 2007, 7:50 am
Maryland and the Foundation of Federal Authority in the Young Republic (Oxford), that makes the point that the Bank of the United States was scarcely the unambiguous "federal instrumentality" as described by Marshall. [read post]
22 Mar 2006, 1:13 pm
For the first time in 25 years, the FDIC (The Federal Deposit Insurance Corporation) has raised the maximum coverage amount on deposit insurance for bank and savings accounts. [read post]
4 Nov 2013, 2:17 pm by Mary Anne Burwell
On October 30, the OCC issued updated risk management guidance for national banks and federal savings associations related to third-party relationships. [read post]
22 Dec 2020, 11:06 am by Jeremy T. Rosenblum
The Chief Counsel of the Office of the Comptroller of the Currency has issued Interpretive Letter 1173, addressing national bank and federal savings association preemption of state law under the Dodd-Frank Act. [read post]
13 Mar 2023, 2:23 pm by Susan L. Friedman
SVB was closed by California banking regulators and put into receivership under the Federal Deposit Insurance Corp. [read post]
19 Jul 2011, 1:59 pm by randal shaheen
Because the other federal banking agencies have not issued similar guidance, the Bulletin imposes expectations on national banks that are not imposed on other banks, although the guidance will also apply to federal savings banks as of July 21, 2011. [read post]
27 Dec 2018, 8:44 am by Cannabis Law Group
Cannabis companies can’t just open a business checking or savings account like any other because technically, selling marijuana is still against federal law, thus proceeds are “dirty money,” and any banker who works with these firms knowing what they do could be found guilty of money laundering. [read post]