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1 Dec 2017, 10:49 am by Scott A. Coleman
  This change would benefit less than well capitalized financial institutions that would otherwise have to request a difficult to obtain waiver or would be ineligible to receive an  FDIC  waiver from the restrictions in Section 29 of the FDIA on the acceptance of brokered deposits. [read post]
28 Nov 2017, 11:41 am by Mohamed Al-Hendy
” After the carriers denied coverage and WaMu collapsed in 2008, the FDIC filed suit against Arch. [read post]
22 Nov 2017, 6:27 am by Brian Slagle
The FRB recently hosted a fair lending “hot topics” webinar in conjunction the DOJ, HUD, CFPB, FDIC, OCC, and NCUA. [read post]
  With the exception of H.R. 3221, “Securing Access to Affordable Mortgages Act,” the bills received strong bipartisan support. [read post]
10 Nov 2017, 6:40 am by Colby Pastre
The U.S. tax code is intended to include deductions on interest paid while taxing interest received, but in practice, a substantial portion of interest is untaxed. [read post]
1 Nov 2017, 11:16 am by Elizabeth A. Khalil
The FDIC, in particular, has actively encouraged banks to offer small credit, such as through its Small-Dollar Loan Pilot and its 2007 Affordable Small-Dollar Loan Guidelines, believing that such loans could bring underserved consumers into the financial mainstream [read post]
19 Oct 2017, 2:06 pm by John L. Culhane, Jr.
” The three examples consist of: Military servicemember borrower complaints regarding SCRA benefits that resulted in enforcement actions by the DOJ and FDIC and the implementation of an automated process by the Department of Education (ED) for identifying borrowers eligible for SCRA interest rate reductions. [read post]
9 Oct 2017, 12:08 pm by Barbara S. Mishkin
” If the FDIC, after consultation with the CFPB, determines that an insured depository institution “is engaging or has engaged in a pattern or practice of unsafe or unsound banking practices and other violations related to consumer harm,” the FDIC must “immediately initiate an involuntary termination of the [bank’s] deposit insurance. [read post]
29 Sep 2017, 8:20 am by John Jascob
As of publication, the government had received two extensions of time to file a certiorari petition, the most recent until September 29.Alleged Division misconduct. [read post]
28 Sep 2017, 8:21 am by John L. Culhane, Jr.
  According to the report, the DOJ received 22 ECOA and FHA referrals in 2016: eight from the CFPB, four from the FDIC, seven from the Fed, one from the OCC, and two from HUD. [read post]
6 Sep 2017, 7:39 am by Pavitra Bacon
Congress is also currently considering government funding legislation, raising the debt ceiling, and tax reform so these bills may not receive close attention. [read post]
31 Aug 2017, 12:59 pm by Pavitra Bacon
FDIC On August 29, the FDIC published Financial Institution Letter FIL-38-2017 (the “Letter”), which applies to all FDIC-supervised institutions, including community banks. [read post]
14 Aug 2017, 2:14 pm by Edward Eisert
HSBC Holdings plc, the Toronto-Dominion Bank and Banco Santander SA are among the foreign banks receiving the extension, while the domestic group comprises CIT Group Inc. and Citizens Financial Group Inc. [read post]