Statement of the Federal Deposit Insurance Corporation on Examining the Role of Regulators in the Supervision of Washington Mutual Bank 2004-2008 before the Permanent Subcommittee on Investigations Committee on Homeland Security and Governmental Affairs of the U.S. Senate delivered on April 16, 2010.
The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved a Notice of Proposed Rulemaking (NPR) to revise the deposit insurance assessment system for large institutions, which pose unique and concentrated risks to the Deposit Insurance Fund.
Beach First National Bank, Myrtle Beach, South Carolina, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
The Electronic Funds Transfer (EFT) Act, also known as Regulation E, was implemented in the United States in 1978 to establish the rights and liabilities of consumers as well as the responsibilities of all participants in EFT activities.
The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in the areas of Rhode Island and Massachusetts affected by severe storms and flooding.
The Department of Justice issued its report on the audit of its efforts to combat identity theft done by the Office of the Inspector General evaluate how DOJ has communicated and implemented its strategy to combat identity theft.
The Office of Thrift Supervision (OTS) announced today the assessment of a civil money penalty of $5 million against Pamrapo Savings Bank, SLA, of Bayonne, N.J., for violations of the Bank Secrecy Act.