FHFA, as Conservator of Fannie Mae and Freddie Mac (the Enterprises), has issued 64 subpoenas to various entities, seeking documents related to private-label mortgage-backed securities (PLS) in which the two Enterprises invested.
In December of 2008, FinCEN published a rule intended to simplify and clarify the process by which depository institutions can exempt the transactions of certain
persons from the requirement to report transactions in currency in excess of $10,000.
The rule amendments affected the requirements for two FinCEN filings,...
Home National Bank, Blackwell, Okla., was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corp. as receiver. The FDIC entered into a purchase and assumption agreement with RCB Bank, Claremore, Okla., to assume all of the deposits of Home National Bank.
USA Bank, Port Chester, N.Y., was closed today by the New York State Banking Department, which appointed the Federal Deposit Insurance Corp. as receiver. The FDIC entered into a purchase and assumption agreement with New Century Bank (doing business as Customer's 1st Bank), Phoenixville, Pa., to assume all of the...
The Federal Deposit Insurance Corp. approved the payout of the insured deposits of Ideal Federal Savings Bank. The bank was closed today by the Office of Thrift Supervision, which appointed the FDIC as receiver.
Bay National Bank, Baltimore, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corp. as receiver. The FDIC entered into a purchase and assumption agreement with Bay Bank, FSB, of Lutherville, Md., to assume all of the deposits of Bay National Bank.
The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Minnesota affected by severe storms, tornadoes and flooding.
The National Credit Union Administration, in its role as Conservator of U.S. Central Federal Credit Union, has filed a "notice of claim" with Travelers Casualty & Surety Co. to preserve NCUA's right to the full amount of coverage provided under U.S. Central's Directors and Officers Liability policy.
The Emergency Economic Stabilization Act of 2008 (EESA) requires that we annually audit the financial statements of the Troubled Asset Relief Program (TARP) which is implemented by the Office of Financial Stability (OFS).
This document describes factors that a casino or card club may need to consider in applying a risk-based approach to the development and implementation of a Bank Secrecy Act ("BSA") compliance program.
On June 30, the National Credit Union Administration merged First Delta Federal Credit Union of Marks, Miss., with Shreveport Federal Credit Union of Shreveport, La. The NCUA placed First Delta FCU into conservatorship in October 2009 and has been operating the institution with the goal of continuing credit union...
The National Credit Union Administration liquidated Southwest Community Federal Credit Union of Saint George, Utah on June 30. NCUA has entered into an agreement with Chartway Federal Credit Union of Virginia Beach, Va., to purchase and assume certain assets and liabilities of Southwest Community Federal Credit Union.