H.R. 1585--Depository Institution Regulatory Streamlining Act of 1999: Hearing Before the Subcommittee on Financial Institutions and Consumer Credit of the Committee on Banking and Financial Services, U.S. House of Representatives, One Hundred Sixth Congress, First Session, May 12, 1999, Volym 4U.S. Government Printing Office, 1999 - 298 sidor |
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14 days allow amendment annual percentage rate assets bank holding company bill borrower business checking accounts Cap Yes Cash Advance Chairwoman ROUKEMA check cashers community banks community development CONGRESS THE LIBRARY Consumer Credit consumer protection corporate cost credit card credit unions customers demand deposits depository institutions directors disclosure eliminate FDIC federal banking agencies federal funds rate Federal Reserve federal savings associations fees financial institutions financial services Institution Regulatory Streamlining interest on business interest on demand interest rate investments issues legislation Lending Act LIBRARY OF CONGRESS Limit Madam Chairwoman mergers million monetary policy national banks NCUA nonbank banks payday lenders payday loans paying interest payment of interest percent prohibition regulatory burden regulatory relief Regulatory Streamlining Act repeal required reserve balances reserve ratio reserve requirements safety and soundness savings associations small loan statutory Subcommittee sweep accounts thrifts transaction transaction accounts transaction deposits Truth in Lending usury Vento
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Sida 138 - ... a violation of any law, rule, or regulation, or (ii) gross mismanagement, a gross waste of funds, an abuse of authority, or a substantial and specific danger to public health or safety...
Sida 184 - In conclusion, the cost of unnecessary paperwork and red tape is a serious long-term problem that will continue to erode the ability of banks to serve our customers and support the economic growth of our communities. We thank you for continuing to look for ways to reduce the regulatory burden on banks and thrifts, and to restore balance to the regulatory process. Mr. Chairman...
Sida 178 - ... based upon all necessary information. Additionally, the legislation will codify existing uniform procedures requiring third party litigants to seek supervisory information directly from the regulatory agencies and not indirectly from the supervised institutions. We would point out that the provision was worked out with bank attorneys and staff members of the Federal Reserve, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Office of Thrift Supervision,...
Sida 67 - Banks also spend resources and charge fees- -for sweeping the excess demand deposits of businesses into money market investments on a nightly basis. To be sure, the progress of computer technology has reduced the cost of such systems over time. However, the expenses are not trivial, particularly when substantial efforts are needed to upgrade such automation systems or to integrate the diverse systems of merging banks. Such expenses waste the...
Sida 217 - Federal financial institutions regulatory agencies" means the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, the National Credit Union Administration, the Resolution Trust Corporation, the Federal National Mortgage Association, and the Federal Home Loan Mortgage Corporation. "Federally related transaction...
Sida 175 - The bottom line is that too much time and too many resources are consumed by compliance paperwork, leaving too little time and resources for providing actual banking services.
Sida 52 - Member, Board of Governors of the Federal Reserve System before the Subcommittee on Financial Institutions and Consumer Credit of the Committee on...
Sida 91 - ... to reorganize into a subsidiary of a bank holding company directly. Under this section, the shareholder approval requirements and dissenters' rights that apply under current law to these transaction would not change, and the requirements of the Bank Holding Company Act (BHC Act) would still apply. This section also states that it is unlawful for a company to become a bank holding company or for a bank to become a subsidiary of a bank holding company without the prior approval of the Fed pursuant...
Sida 241 - Before the Subcommittee on Financial Institutions And Consumer Credit of the House Committee on Banking And Financial Services at 1-2 (Feb.
Sida 18 - I would like to ask unanimous consent that my opening statement be included in the record, as if read.