Chairman Dodd, Ranking Member Shelby and members of the Committee, I appreciate the opportunity to testify on behalf of the Federal Deposit Insurance Corporation (FDIC) on the need to modernize and reform our financial regulatory system.
The U.S. Department of the Treasury and the Department of Housing and Urban Development (HUD) today launched a new website for consumers seeking information about the Obama Administration's Making Home Affordable loan modification and refinancing program.
Statement of Scott M. Polakoff, Acting Director, Office of Thrift Supervision concerning Lessons Learned in Risk Management Oversight at Federal Financial Regulators before the Committee on Banking, Housing and Urban Affairs Subcommittee on Securities, Insurance, and Investment, United States Senate.
Statement of Scott M. Polakoff, Acting Director, Office of Thrift Supervision on American International Group's Impact on the Global Economy: Before, During, and After Federal Intervention before the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises Committee on Financial Services,...
Senior Deputy Comptroller for Bank Supervision Policy and Chief National Bank Examiner Timothy W. Long testified today about risk management before the Subcommittee on Securities, Insurance, and Investment of the Senate Committee on Banking, Housing, and Urban Affairs.
The Government Accountability Office (GAO) today released the following reports, testimony, and correspondence.
Federal financial assistance to AIG, both from the Federal Reserve and Federal Reserve Bank of New York through their authority to lend funds to critical nonbank institutions and from Treasury's Troubled...
On March 17, 2009, the FDIC adopted an interim rule that extends the debt guarantee component of the Temporary Liquidity Guarantee Program and imposes surcharges on existing rates for certain debt issuances.
OTS announced plans today to realign its regional structure in order to balance staff resources geographically, achieve greater operating efficiencies, and support regulatory consistency across regions.
The Federal Deposit Insurance Corporation (FDIC) today issued support for the work of the Basel Committee on Banking and Supervision and the International Association of Deposit Insurers (IADI) on issuing the Core Principles for Effective Deposit Insurance Systems for public consultation.
The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today voted to extend the debt guarantee portion of the Temporary Liquidity Guarantee Program (TLGP) from June 30, 2009 through October 31, 2009, and to impose a surcharge on debt issued with a maturity of one-year or more beginning in the...
FinCEN today released a new report that shows subjects reported for suspected mortgage loan fraud may also be involved in other financial crimes such as check fraud, money laundering, stock manipulation, structuring to avoid currency transaction reporting requirements and others.