Joint release: agencies issue guidance on federal debt

Friday, August 5, 2011

Joint release: agencies issue guidance on federal debt

Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation, National Credit Union Administration and Office of the Comptroller of the Currency Earlier today, Standard & Poor’s rating agency lowered the long-term rating of the U.S. government and federal agencies from AAA to AA+. With regard to this action,the federal banking agencies are […]

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Cease and desist order for 14 banks in foreclosure probe

Wednesday, April 13, 2011

Citibank, Bank of America, JPMorgan Chase and Wells Fargo, the nation’s four largest banks were among the 14 banks cited for significant deficiencies in numerous aspects of their foreclosure processing. A final cease and desist order will force them to upgrade their foreclosure proceedings, their technology and record keeping. The Federal Reserve is seeking monetary […]

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Consumer News: Can you spot a scam?

Tuesday, November 30, 2010

Consumer News: Can you spot a scam?

  Con artists are very good at tricking consumers into parting with money or divulging personal information that can be used to commit fraud. To help test people’s knowledge about financial scams, the Fall 2010 issue of FDIC Consumer News, published by the Federal Deposit Insurance Corporation, features a quiz on common frauds and their […]

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Martinsville bank one of eight banks closed Friday

Friday, August 20, 2010

A Martinsville bank is one of eight (8) banks closed by the FDIC (Federal Deposit Insurance Corporation) Friday. Others included four (4) in California, two (2) in Florida and one(1) in Chicago, Illinois. For the year 2010 including today 117 banks have failed nationally. For 2009 140 banks closed their doors. In contrast in 2000 only […]

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Financial institutions affected by oil spill get help

Wednesday, July 14, 2010

Regulators Issue Statement to Assist Financial Institutions and Customers Affected by the Deepwater Horizon Oil Spill The federal financial regulatory agencies and the Conference of State Bank Supervisors (the regulators) issued a statement today to assist financial institutions and their customers affected by the Deepwater Horizon Mobile Offshore Drilling Unit explosion and oil spill in […]

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