Topic: Office of Thrift Supervision

Who They Are And What They Do

Federal Reserve Board The Federal Reserve Board (FRB) is one of the most recognized of all the regulatory bodies. Federal Deposit Insurance Corporation The Federal Deposit Insurance Corporation (FDIC) was created by the Glass-Steagall Act of 1933 to provide insurance on deposits ...
The role of the the Federal Deposit Insurance Corporation (FDIC) was greatly expanded. Congress had to eliminate FSLIC and place the insurance of thrifts under FDIC. The FDIC kept the Bank Insurance Fund (BIF) separate from the Savings Associations Insurance Fund (SAIF), ...

FDIC enhances backup role at large, risky banks

WASHINGTON (Reuters) - U.S. bank regulators would have more power to examine the largest and riskiest institutions, under a new interagency memorandum approved on Monday.The agreement by the board of the Federal Deposit Insurance Corp addresses problems seen in 2008 when the ...

Thrift regulator defends industry, agency

WASHINGTON (Reuters) - Thrifts did not engage in regulatory arbitrage, nor were they a cause of the financial crisis, the top U.S. thrift regulator said on Wednesday.John Bowman, acting director of the Office of Thrift Supervision, speaking at the American Bankers Association ...

Dodd's super bank cop faces tough battle

WASHINGTON (Reuters) - A Senate proposal to create a federal super cop to police banks faces formidable opposition from the industry, current regulators and a senior House lawmaker who recently blasted the idea.Christopher Dodd, chairman of the Senate Banking Committee, unveiled on ...

. Can We Simplify Financial Regulation?

There's a common saying that you never pay attention to your electricity provider unless the lights don't come on. Even at the Securities Industry and Financial Markets Association's annual conference in New York last week, the head of the SEC, Mary Schapiro, ...
This week, congressional Democrats and the U.S. Treasury unveiled the draft of their proposals for financial reform, including a council of regulators and a fund that would actually allow " The financial lobby has fiercely opposed the creation of a Consumer Financial ...

Building A Bigger Bureaucracy

The Obama administration may have backed off of its requirement that financial services companies offer " On the Hill this week, Treasury Secretary Timothy Geithner advocated forcefully for the creation of a Consumer Financial Protection Agency, a proposal supported by Federal Deposit ...

Financial Regulatory Blitz

Contrary to popular belief, health care has not entirely consumed the domestic policy agenda in Washington. In the morning, Treasury Secretary Timothy Geithner will testify about the Obama administration's reform proposals. The Treasury Secretary is expected to make the case for the ...
US thrifts earn $4 million in 2nd quarter, first profit since late '07; 40 on 'problem' listU.S. That's up from 31 in the first quarter and 17 a year earlier.Thrifts, also known as savings and loans, differ from banks in that, by ...
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