The Treasury Department today announced that it will purchase $5 billion in senior preferred equity with an 8% dividend from GMAC LLC as part of a broader program to assist the domestic automotive industry in becoming financially viable.
As different wireless technologies are launched to enable user mobility and provide pervasive network and service accessibility, security has been a prominent requirement for U.S. Federal Government in such access environments.
The Federal Reserve Board on Wednesday announced its approval of the application and notices under sections 3 and 4 of the Bank Holding Company Act by GMAC LLC and IB Finance Holding Company, LLC, both of Detroit, Michigan, to become bank holding companies on conversion of GMAC Bank, a Utah industrial loan company, to...
The Federal Deposit Insurance Corporation (FDIC) and the Commonwealth of Pennsylvania Department of Banking have executed an information-sharing agreement allowing for the exchange of information relating to Money Services Businesses (MSB) supervision.
The federal bank, credit union, and thrift regulatory agencies today announced publication of a revised identity theft brochure - You Have the Power to Stop Identity Theft - to assist consumers in preventing and resolving identity theft.
The Office of the Comptroller of the Currency and the Office of Thrift Supervision issued their second report on mortgage performance today showing continued increases in delinquencies and foreclosures in process.
The Federal Deposit Insurance Corporation (FDIC) announced today a settlement with CompuCredit Corporation, Atlanta, Georgia (CompuCredit), a company charged with deceptive marketing of subprime credit cards with three FDIC-supervised banks in violation of the Federal Trade Commission Act (FTC Act).
The Office of the Comptroller of the Currency today issued a proclamation allowing national bank offices in the District of Columbia to close at their discretion for the Presidential Inauguration on Tuesday, January 20, 2009.
The Federal Reserve Board on Thursday approved final rules that would better protect credit card users by prohibiting certain unfair acts or practices and improving the disclosures consumers receive in connection with credit card accounts and other revolving credit plans.