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Articles tagged with: FDIC

FDIC and OCC Crack Down on Abusive Lending Practices; Fed Should Follow
November 21, 2013 – 4:29 pm

“The OCC and FDIC got it right in standing up for borrowers who have been taken advantage of,” said Lisa Donner, AFR’s Executive Director. “Now it’s up to the Federal Reserve to follow the OCC’s and FDIC’s lead with the institutions it regulates.”

AFR Urges Stronger Leverage Ratio
October 21, 2013 – 11:06 am

AFR wrote to the banking regulators to urge them to strengthen the new supplementary leverage ratio proposed for large U.S. banks.

AFR Supports FDIC and OCC Proposed Guidance on Payday Loans in Comment Letter
May 31, 2013 – 11:10 am

AFR joined more than 45 organizations in submitting a comment letter to the OCC and the FDIC supporting their proposed guidance on bank payday lending. The letter praises their proposal, and adds some additional steps that we believe would be beneficial to curbing the use of payday loans.

FDIC and OCC Crack Down on Bank Payday Lending (Joint Statement)
April 25, 2013 – 3:39 pm

AFR joined more than 15 leaders of public interest groups in releasing a joint statement applauding the FDIC and the OCC for their proposed guidance issued this week directing banks to stop making predatory loans that trap borrowers in a cycle of debt with 300% interest.

AFR Letter: BofA/Merril Lynch Transfer Poses Risk to Taxpayers
November 4, 2011 – 1:58 pm

AFR sent a letter to the Federal Reserve and FDIC on the reported transfer of the Merrill Lynch derivatives book to Bank of America’s depository subsidiary, which could expose taxpayers to substantial additional risks.”

AFR’s Comment to the FDIC and Federal Reserve on Resolution Plans
June 10, 2011 – 6:55 pm

AFR submitted a comment to the FDIC and the Federal Reserve on the rules implementing the Dodd-Frank requirement that companies submit “living wills” and records of credit exposures. “Living Wills” are plans detailing how the company could be resolved through the bankruptcy process without a need for government intervention. AFR supported the rules but suggested they be strengthened by requiring planning for situations of market stress and also by establishing more thorough and continuous records of credit exposures.

Coalition Sends Comments to FDIC on Overdraft Fees
September 28, 2010 – 11:16 am

A coalition of consumer advocates recently sent this letter to Sheila Bair about the FDIC and overdraft fees.
Dear Ms. Bair:
We, the undersigned civil rights, labor, consumer, housing, community,  business, and sustainable and responsible investor groups, …

AP: FDIC Chairman Pitching for Consumer Financial Protection Agency
March 3, 2010 – 10:40 am

The Associated Press has this report about Chairman Sheila Bair’s support for a new Consumer Financial Protection Agency.  Here is an excerpt:
WASHINGTON — The head of the Federal Deposit Insurance Corp. pitched again Monday for …