Search for: "Federal Deposit Insurance Corporation-Receiver" Results 81 - 100 of 833
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5 Feb 2016, 11:49 am by Steven J. Fink
On January 29, Morgan Stanley and the Federal Deposit Insurance Corporation agreed to settle five suits encompassing state and federal claims alleging that Morgan Stanley made misrepresentations in offering residential mortgage-backed securities to three now-defunct banks. [read post]
29 Apr 2013, 7:45 am by Editorial Board
Pfaelzer of the United States District Court for the Central District of California dismissed as time-barred the Federal Deposit Insurance Corporation’s (FDIC) $31 million suit against JPMorgan Chase & Co., Bank of America, Citigroup and Deutsche Bank AG related to the sale of RMBS originated by Countrywide. [read post]
9 Oct 2007, 12:43 am
The Federal Deposit Insurance Corporation stated that “[n]o advance notice is given to the public when a financial institution is closed. [read post]
8 Nov 2011, 1:55 am
On November 3, 2011, Sheila Bair, former Chairwoman of the Federal Deposit Insurance Corporation (“FDIC”), in a speech to attendees of the national fall meeting of the National Association of Insurance Commissioners, focused on systemic risk posed by credit-default swaps on the United States financial system. [read post]
13 Sep 2011, 10:41 am
Investors who bought toxic mortgage-backed bonds from Bank of America’s Countrywide, and homeowners seeking loan modifications are proposing drastic measures to better enable BofA to deal with the onslaught of their litigation without a bankruptcy or a receivership imposed by the Federal Deposit Insurance Corporation. [read post]
24 Mar 2017, 6:57 am by Sharissa Ellyn
Deposit Insurance Review The Government proposes to introduce legislative amendments to modernize and enhance the Canada deposit insurance framework. [read post]
25 Jan 2010, 1:37 pm by Mike Inman
Below is a summary published on the Federal Deposit Insurance Corporation (FDIC) website: Under the Protecting Tenants at Foreclosure Act: All tenants must receive a 90-day notice before being evicted as the result of a foreclosure. [read post]
15 Jan 2015, 8:41 pm by Sabrina I. Pacifici
The FDIC’s regulation requires a covered insured depository institution with assets greater than $50 billion to submit a plan under which the FDIC, as receiver, might resolve the institution under the Federal Deposit Insurance Act. [read post]
18 Oct 2011, 2:00 am by Kara OBrien
Recently the Federal Deposit Insurance Corporation, the Federal Reserve Board, the SEC and the Office of the Comptroller of the Currency issued a Notice of Proposed Rulemaking to implement the long-awaited Volcker Rule. [read post]
22 Oct 2009, 1:51 pm
In the last bank insolvency post we talked about what kinds of things are considered "agreements" that the Federal Deposit Insurance Corporation (the "FDIC") can ignore under the D'Oench, Duhme rule and Section 13(e) of the Federal Deposit Insurance Act ("FDI Act"), a/k/a 12 U.S.C. [read post]
11 Nov 2016, 6:53 am
On Oct. 19, 2016, the Board of Governors of the Federal Reserve System (“Federal Reserve”), the Office of the Comptroller of the Currency (“OCC”) and the Federal Deposit Insurance Corporation (“FDIC,” collectively the “Agencies”) issued a joint advance notice of proposed rulemaking (“Notice”) inviting public comment on cybersecurity regulations and guidance designed to improve the safety… [read post]
30 Oct 2009, 11:05 am
National Mortgage Professional Magazine just reported that the Federal Deposit Insurance Corporation, in conjunction with other federal financial regulators, just released this Policy Statement on Prudent Commercial Real Estate Loan Workouts. [read post]
Specifically, the FTC’s complaint alleges that from at least 2018 until its declaration of bankruptcy in July 2022, Voyager enticed consumers with promises that their deposits were insured by the Federal Deposit Insurance Corporation (FDIC) and were “safe. [read post]
10 Jan 2014, 4:47 pm by Sabrina I. Pacifici
  The FDIC’s regulation requires a covered insured depository institution with assets greater than $50 billion to submit a plan under which the FDIC, as receiver, might resolve the institution under the Federal Deposit Insurance Act. [read post]
17 Sep 2019, 7:26 am by Catherine LaGrange
On Monday, September 9, 2019, a group of 28 housing, consumer protection and community development organizations issued a letter to the Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency and Federal Reserve Board in advance of an anticipated Notice of Proposed Rulemaking regarding the Community Reinvestment Act (“CRA”) and in response to an Advance Notice of Proposed Rulemaking published in August 2018 (the… [read post]
9 Mar 2012, 7:25 am
In July 2011, the Federal Deposit Insurance Corporation (FDIC) brought a lawsuit in a California federal court against Michael Perry, former CEO for Indymac Bank, over his purported actions during the United States mortgage crisis. [read post]
22 Apr 2009, 8:32 am
The Federal Deposit Insurance Corporation (the "FDIC") has received over 400 comment letters on its new program for the purchase of legacy loans (the "Legacy Loans Program"). [read post]
28 May 2009, 7:21 am
The Federal Deposit Insurance Corporation (the "FDIC") has received over 400 comment letters on its new program for the purchase of legacy loans (the "Legacy Loans Program"). [read post]