The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) voted on Friday, October 4, 2010, to approve through notational vote a proposed rule clarifying how the agency would treat certain creditor claims under the new orderly liquidation authority established under the Dodd-Frank Wall Street Reform...
The Office of the Comptroller of the Currency has entered into a settlement with Woodforest National Bank, The Woodlands, Texas, that requires the bank to pay approximately $32 million in reimbursement to consumers who were harmed by the bank's overdraft program. The settlement also requires the bank to pay a Civil...
The Office of the Comptroller of the Currency (OCC) announced today the issuance of a Cease and Desist Order against HSBC Bank USA, N.A., McLean, Virginia, for violating the Bank Secrecy Act (BSA) and its underlying regulations.
The Federal Deposit Insurance Corp. has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in the U.S. Virgin Islands affected by Hurricane Earl.
The National Credit Union Administration today announced the creation of two bridge corporate credit unions to assume operations of U.S. Central Corporate Federal Credit Union (US Central) and Western Corporate Federal Credit Union (WesCorp).
OTS has updated its examination procedures to incorporate the amendments to Regulation Z that
implement provisions of the Credit Card Accountability Responsibility and Disclosure Act of
2009 (Credit CARD Act) that went into effect on August 22, 2010.1 These examination
procedures for open-end credit are issued on...