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22 Apr 2024, 8:01 am by Scott H. Kimpel
The bill includes provisions regulating payment stablecoin issuers similar to banks, including provisions regarding topics such as customer protection, reserve requirements, examination and supervision of payment stablecoin issuers, subjecting them to, among other things, the Bank Secrecy Act and Gramm-Leach-Bliley Act privacy protections. [read post]
27 Sep 2019, 7:48 pm by Unknown
  A summary of the Safe Banking Act of 2019 states: This bill generally prohibits a federal banking regulator from penalizing a depository institution for providing banking services to a legitimate marijuana-related business. [read post]
15 Feb 2012, 7:32 am
'Banks not hard on bond defaulters'Banks were not quick to foreclose on bond defaulters because they only recovered about 55 percent of the outstanding debt when properties were sold at auction. [read post]
4 Aug 2015, 6:00 am by Dennis N. Brager
Buried in the Bill is a provision which changes the filing date for Foreign Bank Account Reports (FBARs) to April 15th. [read post]
24 Mar 2011, 8:27 am
As reported in our February 15 and March 1 Client Alerts, New York Governor Andrew Cuomo unveiled a bill (the “Bill”) as part of his 2011-2012 budget (the “Budget”), proposing to merge the State’s Insurance and Banking Departments and the Consumer Protection Board into a single agency. [read post]
5 Jul 2015, 9:01 pm by Ronald D. Rotunda
Its supporters think that they can attach, to a must-pass highway trust fund bill, a law extending this bit of corporate welfare another five years. [read post]
8 Apr 2014, 12:10 am
The report added that defaulters owed the banks about R38 billion, which is just over 12 percent of the total home loans of R308,9 billion.These figures, says Bill Rawson, Chairman of the Rawson Property Group, help explain why the banks have to be ultra-cautious in lending to the home mortgage market. [read post]
19 Dec 2018, 10:38 am by Jerry G. Sanchez
The agencies are seeking public comment on a proposal that would simplify regulatory capital requirements for qualifying community banking organizations, as required by the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155 regulatory reform bill). [read post]
6 Jul 2023, 7:49 pm by Sabrina I. Pacifici
On a recent earnings call, PNC Financial CEO Bill Demchak said, “TLAC, I think, is a certainty at this point” for his $550 billion bank, yet uncertainty remains about “how much it will be and whether it’s varied as a function of size and complexity of a bank. [read post]
6 Apr 2017, 7:19 pm by Tom Smith
I never use the thing and it's just one more bill to forget -- it has a $15 annual fee. [read post]
24 Jun 2010, 12:47 am by Money Maven
Hey, when you're struggling to manage bills and debt, a more affordable interest rate goes a long way. [read post]
28 Jan 2009, 10:31 am
House Passes Stimulus Bill Repealing IRS Ruling 2008-83 Favoring Bank Acquisitions; Excludes TARP Recipients from 5-Year Loss CarrybackThe House has passed an economic stimulus bill, HR 1, prospectively repealing IRS Notice 2008-83 that interprets Section 382 of the Internal Revenue Code to allow banks and other financial institutions pursuing acquisitions to write-off acquired losses stemming from takeovers of other banks to offset future income. [read post]
21 Apr 2010, 1:36 pm by Big Tent Democrat
The bill's central points: * Imposing a strict 10 percent cap on any bank-holding-company? [read post]
26 Jan 2016, 6:09 pm by Sabrina I. Pacifici
Many, but not all, of the bills would make changes to the Dodd-Frank Act (P.L. 111-203), wide ranging financial reform enacted in response to the financial crisis. [read post]
15 Jun 2011, 4:30 am by SHG
The Senate passed the bill easily in March. [read post]
11 Jun 2017, 9:05 pm by Walter Olson
What’s actually in the new House-passed bill revamping Dodd-Frank? [read post]
9 Aug 2022, 12:11 pm by Simon Lovegrove (UK)
The Bill would also give the Bank of England powers to oversee the wholesale cash infrastructure. [read post]