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House oversight subcommittee holds hearing on financial literacy
  • Alston & Bird LLP
  • USA
  • August 27 2010

On Tuesday, the House Financial Services Subcommittee on Oversight and Investigations held a field hearing at the University of Kansas entitled "Empowering Consumers: Can Financial Literacy Education Prevent Another Financial Crisis


Trade associations send letter detailing objections to CFPA
  • Alston & Bird LLP
  • USA
  • February 21 2010

Last Wednesday, a group of industry trade associations, including the U.S. Chamber of Commerce, the American Financial Services Association, the Business Roundtable, and the Financial Services Roundtable, sent a letter to Senators Christopher J. Dodd (D-CT) and Richard C. Shelby (R-AL), the Chairman and Ranking Member of the Senate Committee on Banking, Housing and Urban Affairs, respectively, asking for changes to be made to the proposed Consumer Financial Protection Agency (CFPA) as described in Chairman Dodd’s draft language


House Financial Services Committee passes investment adviser registration bill and rating agency oversight bill
  • Alston & Bird LLP
  • USA
  • October 28 2009

On Tuesday, the House Financial Services Committee held a markup session addressing amendments to two bills: Private Fund Investment Advisers Registration Act of 2009, (to be reported as HR 3818); and The Accountability and Transparency in Rating Agencies Act, (to be reported as HR 3890


Hillcrest Bank, National Association assumes all of the deposits of Hillcrest Bank
  • Alston & Bird LLP
  • USA
  • October 25 2010

On Friday, the Kansas Office of the State Bank Commissioner closed Hillcrest Bank, headquartered in Overland Park, Kansas, and appointed the FDIC as receiver


Financial Crisis Inquiry Commission holds first public hearing
  • Alston & Bird LLP
  • USA
  • January 14 2010

Yesterday, the Financial Crisis Inquiry Commission (FCIC) held its first public hearing to discuss the causes of the financial markets crisis


FDIC announces open door policy for upcoming rulemaking process
  • Alston & Bird LLP
  • USA
  • August 12 2010

Earlier today, the FDIC announced that it will have an "open door policy" with regards to the upcoming rulemaking process related to the Dodd-Frank Wall Street Reform and Consumer Protection Act


Seaway Bank and Trust Company assumes all of the deposits of First Suburban National Bank
  • Alston & Bird LLP
  • USA
  • October 25 2010

On Friday, the Office of the Comptroller of the Currency closed First Suburban National Bank, headquartered in Maywood, Illinois, and appointed the FDIC as receiver


Bay Cities Bank assumes all of the deposits of Progress Bank of Florida
  • Alston & Bird LLP
  • USA
  • October 25 2010

On Friday, the Florida Office of Financial Regulation closed Progress Bank of Florida, headquartered in Tampa, Florida, and appointed the FDIC as receiver


Ameris Bank assumes all of the deposits of First Bank of Jacksonville
  • Alston & Bird LLP
  • USA
  • October 25 2010

On Friday, the Florida Office of Financial Regulation closed First Bank of Jacksonville, headquartered in Jacksonville, Florida, and appointed the FDIC as receiver


Morris Bank assumes all of the deposits of The Gordon Bank
  • Alston & Bird LLP
  • USA
  • October 25 2010

On Friday, the Georgia Department of Banking and Finance closed The Gordon Bank, headquartered in Gordon, Georgia, and appointed the FDIC as receiver