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The Ohio Department of Commerce is the administrative department of the Ohio state government [1] responsible for regulating banks and savings institutions, credit unions, mortgage brokers/lenders and consumer finance businesses; securities professionals and products; real estate professionals and cable television; and the building industry; and also collects and holds unclaimed funds. [2]
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Bank runs ensued on other institutions insured by the Ohio Deposit Guarantee Fund after it was revealed that the fund had insufficient funds to pay off Home State depositors. [ 2 ] On March 15, 1985, Ohio Governor Dick Celeste declared a three-day banking holiday for the 70 other savings institutions covered by the Ohio Deposit Guarantee Fund.
The Ohio Deposit Guarantee Fund (1956 – 1985) was a privately-owned deposit insurer for savings associations chartered in the state of Ohio. It was founded in 1956. [ 1 ] It failed in March 1985 after its reserves were wiped out by the failure of one of its insured institutions.
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Truth in Lending Act; Long title: An Act to safeguard the consumer in connection with the utilization of credit by requiring full disclosure of the terms and conditions of finance charges in credit transactions or in offers to extend credit; by restricting the garnishment of wages; and by creating the National Commission on Consumer Finance to study and make recommendations on the need for ...
Get breaking Finance news and the latest business articles from AOL. From stock market news to jobs and real estate, it can all be found here. ... Latino residents in Ohio and Colorado have filed ...