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Results: 1-10 of 75

Banking agencies issue final guidance on executive compensation

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • June 25 2010

On June 21, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, and the Federal Deposit Insurance Corporation (collectively, the Banking Agencies) issued final guidance regarding incentive compensation arrangements at financial organizations that are intended to be consistent with safe and sound practices (Guidance

Banking agencies propose to expand scope of Community Reinvestment Act regulations

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • June 18 2010

On June 17, the four federal bank and thrift regulatory agencies announced a proposed change to the Community Reinvestment Act (CRA) regulations to support stabilization of communities affected by high foreclosure levels

Bargain purchase gains subject to regulatory cutback

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • June 11 2010

Recent market conditions have contributed to an increase in bargain purchases, such as the acquisition of failed bank assets and liabilities

FDIC issues guidance on deposit placement and collection activities

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • June 11 2010

On June 7, the Federal Deposit Insurance Corporation (FDIC) issued Financial Institution Letter 29-2010, Guidance on Deposit Placement and Collection Activities by FDIC-Insured Institutions and Their Affiliates (Guidance

Unlawful Internet Gambling Enforcement Act of 2006 examination procedures

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • June 4 2010

On May 20, the Office of the Comptroller of the Currency issued interagency guidance for reviewing compliance with the joint rule promulgated by the U.S. Treasury Department and the Federal Reserve Board pursuant to the Unlawful Internet Gambling Enforcement Act of 2006

FDIC releases proposed rule regarding reporting requirements for certain large insured depository institutions

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • May 14 2010

On May 12, the Federal Deposit Insurance Corporation (FDIC) released a proposed rule that would require insured depository institutions (IDIs) that are subsidiaries of large and complex financial parent companies to submit to the FDIC analysis, information and contingent resolution plans that demonstrate such institution's ability to be separated from its parent and wound down or resolved in an orderly fashion (Proposed Rule

Banking agencies issue final guidance on correspondent concentration risks

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • May 7 2010

On April 30, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of Thrift Supervision released final guidance to address the risks associated with funding and credit concentrations arising from correspondent relationships

FDIC proposes change to deposit insurance assessment system

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • April 30 2010

On April 13, the Federal Deposit Insurance Corporation (FDIC) issued a proposal that would change the calculation of deposit insurance assessments for "large" or "highly complex" institutions

Transaction Account Guarantee program is extended by FDIC

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • April 16 2010

On April 13, the Federal Deposit Insurance Corporation (FDIC) published an interim final rule extending the Transaction Account Guarantee (TAG) program through December 31, 2010, with the possibility of extending the program for an additional 12 months without further rulemaking if the FDIC determines that continuing economic difficulties warrant such an extension

FDIC sells equity interest in loans

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • April 9 2010

On April 1, the Federal Deposit Insurance Corporation (FDIC) closed the sale of an equity interest in a limited liability company (LLC) created to hold certain assets transferred from 19 failed bank receiverships