Search results
Results From The WOW.Com Content Network
The Act, which gives the government broad authority to bring civil claims and has less stringent requirements to establish liability than commercial fraud statutes, was used after the subprime mortgage crisis to attempt to establish the liability of banks that allegedly misrepresented the quality of loans to the Federal Housing Administration ...
Under the North Carolina Constitution of 1868, the treasurer became a position elected by popular vote, rather than appointed. The North Carolina State Treasurer is an ex officio member of the North Carolina State Board of Education, the State Board of Community Colleges, the State Banking Commission, and the Council of State.
Federal agencies can access any financial records if the records in question are connected to a law enforcement investigation. [3] The act also gives any government department or agency the ability to request access to a customer's information. [1] The government can access financial records through six exceptions: [3] [1] Grand jury subpoena
A SAR must also be filed if the customer's actions suggest that they are laundering money or otherwise violating federal criminal laws and committing wire transfer fraud, check fraud, or mysterious disappearances. These reports are filed with FinCEN and are identified as Treasury Department Form 90-22.47 and OCC Form 8010-9, 8010-1. [8]
A Republican-led House committee fired off a letter to the Treasury Department on Friday that demanded access to bank documents as part of a new investigation into a Democratic fundraising ...
The Fraud Enforcement and Recovery Act of 2009, or FERA, Pub. L. 111–21 (text), S. 386, 123 Stat. 1617, enacted May 20, 2009, is a public law in the United States enacted in 2009. The law enhanced criminal enforcement of federal fraud laws, especially regarding financial institutions, mortgage fraud, and securities fraud or commodities fraud.
The Fair Credit Reporting Act, as originally enacted, was title VI of Pub. L. 91–508, 84 Stat. 1114, enacted October 26, 1970, entitled An Act to amend the Federal Deposit Insurance Act to require insured banks to maintain certain records, to require that certain transactions in United States currency be reported to the Department of the ...
In May 1994, its mission expanded to involve regulatory responsibilities. In October 1994, Treasury's Office of Financial Enforcement merged with FinCEN. [6] On September 26, 2002, after passage of Title III of the PATRIOT Act, Treasury Order 180-01 [7] designated FinCEN as an official bureau within the Department of the Treasury.