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Tag Archives: FDIC
FDIC Settles PwC Colonial Bank Negligence Action for $335 Million
In the latest twist in a long-running legal saga, on March 15, 2019, the FDIC announced that it had reached a $335 million settlement of the negligence action the agency had brought against PwC in connection with the accounting firm’s … Continue reading
FDIC Changes Deposit Insurance Rules For Mortgage Loan Securitizations
The Emergency Economic Stabilization Act of 2008 (the "Act") temporarily increased the standard maximum deposit insurance amount from $100,000 to $250,000, effective October 3, 2008, and ending December 31, 2009. After that date, barring further action by Congress and the … Continue reading
Posted in Banking and Finance law
Tagged changes, Deposit, FDIC, Insurance, Loan, Mortgage, Rules, Securitizations
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14 U.S Banks Get Dodd-Frank Extension from Federal Reserve and FDIC
14 U.S Banks Get Dodd-Frank Extension from Federal Reserve and FDIC The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Monday announced that they have extended the next resolution plan filing deadline for 14 domestic firms … Continue reading
Posted in Administrative law
Tagged Banks, DoddFrank, extension, FDIC, Federal, reserve
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FDIC Use of Technoligy In The Business of Banking Forum
FDIC Hosts Use of Technology in the Business of Banking Forum in Arlington, Virginia The Federal Deposit Insurance Corporation (FDIC) will host a forum on the Use of Technology in the Business of Banking on Monday, May 7, 2018. Panels will focus on emerging … Continue reading
Proposed FDIC Rule Clarifies Liquidation Process For "Too Big To Fail" Firms
The Federal Deposit Insurance Corporation (FDIC) issued a notice of proposed rulemaking last month to establish a clear liquidation process for large financial institutions commonly described as "too big to fail." The proposed rule, issued under the authority of the … Continue reading
Posted in Administrative law
Tagged Clarifies, Fail", FDIC, firms, Liquidation, Process, Proposed, Rule
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