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Results: 1-10 of 31

House Judiciary Subcommittee holds hearing on voluntary mortgage modifications
  • Alston & Bird LLP
  • USA
  • December 11 2009

Today, the Subcommittee on Commercial and Administrative Law of the House Judiciary Committee held a hearing entitled "Home Foreclosures: Will Voluntary Mortgage Modifications Help Families Save Their Homes? Part II," in which various witnesses discussed the effectiveness of the government's efforts to prevent additional mortgage foreclosures and encourage modifications of existing loans


Federal banking agencies issue report to congressional committees on differences in accounting and capital standards
  • Alston & Bird LLP
  • USA
  • August 9 2010

Today, the federal banking agencies, including the OCC, Federal Reserve, FDIC and OTS issued their joint annual report to the House Financial Services Committee and the Senate Banking Committee describing the differences between the accounting and capital standards used by the agencies


FRBNY releases additional information on assets acquired by Maiden Lane entities
  • Alston & Bird LLP
  • USA
  • April 1 2010

Yesterday, the Federal Reserve Bank of New York (FRBNY) publicly released additional information related to the three Maiden Lane entities, which were formed to acquire certain assets of Bear Stearns and to facilitate the restructuring of the government's financial support of AIG


Senate Banking Committee holds hearing on government actions related to AIG
  • Alston & Bird LLP
  • USA
  • March 6 2009

Yesterday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs, chaired by Senator Christopher Dodd (D-CT), held a hearing entitled “American International Group (AIG): Examining What Went Wrong, Government Intervention, and Implications for Future Regulation.”


Federal Reserve announces Reserve Bank income and transfers to U.S. Treasury for 2009
  • Alston & Bird LLP
  • USA
  • January 12 2010

Today, the Federal Reserve Board announced preliminary unaudited results confirming that the regional Reserve Banks had paid approximately $46.1 billion of their estimated 2009 net income of $52.1 billion to the U.S. Treasury, after providing for the payment of $1.4 billion in statutory dividends to member banks and using $4.6 billion to equate surplus to paid-in capital


House Oversight and Government Reform Committee issues subpoena to FRBNY regarding AIG
  • Alston & Bird LLP
  • USA
  • January 13 2010

Yesterday, Congressman Edolphus Towns (D-NY), Chairman of the House Oversight and Government Reform Committee, issued a subpoena to the Federal Reserve Bank of New York (FRBNY) for documents related to payments made to American International Group (AIG) counterparties


House Financial Services Subcommittee holds hearing on impact of credit scores and reports on consumers
  • Alston & Bird LLP
  • USA
  • March 25 2010

Yesterday, the House Financial Services Subcommittee on Financial Institutions and Consumer Credit held a hearing entitled "Keeping Score on Credit Scores: An Overview of Credit Scores, Credit Reports and their Impact on Consumers"


Treasury Secretary Geithner testifies before Congressional Oversight Panel
  • Alston & Bird LLP
  • USA
  • April 21 2009

Today, Treasury Secretary Timothy Geithner testified before the Congressional Oversight Panel (COP), which oversees Treasury’s actions in implementing the Troubled Asset Relief Program (TARP


Lawmakers intensify demands for special inquiry commission to identify causes of financial crisis
  • Alston & Bird LLP
  • USA
  • April 23 2009

Yesterday, the U.S. Senate voted to create an independent bi-partisan Financial Markets Commission (FMC) to investigate the causes of the financial crisis


House Financial Services Committee reports out Credit Cardholders Bill of Rights
  • Alston & Bird LLP
  • USA
  • April 23 2009

On Wednesday, the House Financial Services Committee announced that that it had approved H.R. 627, the “Credit Cardholders’ Bill of Rights” by a vote of 48 to 19