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...
Statement of Sheila C. Bair, Chairman, Federal Deposit Insurance Corp., on Implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate.
The Federal Deposit Insurance Corp. Board of Directors has approved the issuance of a proposed rule to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act to provide depositors at all FDIC-insured institutions unlimited deposit insurance coverage on noninterest-bearing transaction...
The Federal Deposit Insurance Corp. has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of South Dakota affected by severe storms and flooding.
The Financial Crimes Enforcement Network has a notice of proposed rulemaking that would require certain depository institutions and money services businesses to provide records of certain cross-border electronic transmittals of funds.
The Board of Directors of the Federal Deposit Insurance Corp. has approved a final rule to extend through Dec.31 the Safe Harbor Protection for Treatment by the FDIC as Conservator or Receiver of Financial Assets Transferred by an Insured Depository Institution in Connection With a Securitization or Participation.
The National Credit Union Administration has selected experienced experts to oversee the operations of the corporate credit unions placed into conservatorship last week - Southwest Corporate Federal Credit Union, Members United Corporate Federal Credit Union and Constitution Corporate Federal Credit Union.