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The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. [7]: 15 The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system.
Dodd–Frank Wall Street Reform and Consumer Protection Act; Long title: An Act to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end "too big to fail", to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes.
The Bank Secrecy Act of 1970 (BSA), also known as the Currency and Foreign Transactions Reporting Act, is a U.S. law requiring financial institutions in the United States to assist U.S. government agencies in detecting and preventing money laundering. [ 2 ] Specifically, the act requires financial institutions to keep records of cash purchases ...
The Consumer Financial Protection Safety and Soundness Improvement Act of 2013 was introduced into the United States House of Representatives on September 26, 2013 by Rep. Sean P. Duffy (R, WI-7). [8] It was referred to the United States House Committee on Financial Services. On November 21, 2013, the committee voted to report the bill 32-25. [8]
Fannie Mae. The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company. Founded in 1938 during the Great Depression as part of the New Deal, [2] the corporation's purpose is to expand the secondary mortgage market by ...
Card skimming fraud is more prevalent than you might think: It's estimated to cost financial institutions and consumers over $1 billion each year, according to the FBI.
Banking regulation and supervision refers to a form of financial regulation which subjects banks to certain requirements, restrictions and guidelines, enforced by a financial regulatory authority generally referred to as banking supervisor, with semantic variations across jurisdictions. By and large, banking regulation and supervision aims at ...
Shilo Sanders has turned over about $210,000 in case. Sanders, son of Colorado coach Deion Sanders, so far has turned over about $210,000 to the bankruptcy estate along with his tax returns, bank ...