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Economic Growth, Regulatory Relief and Consumer Protection Act. The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), is a United States federal law enacted in the wake of the savings and loan crisis of the 1980s. It established the Resolution Trust Corporation to close hundreds of insolvent thrifts and provided ...
The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.
A board of directors may pass resolutions at a meeting (pictured) or by way of unanimous circular written resolutions. The directors owe their duties to the company itself, and not to the individual members. [28] Accordingly, where a director acts in breach of their duty, then the proper claimant in any action is the company itself.
U.S. President Joe Biden on Tuesday vetoed a resolution that would disapprove of the Consumer Financial Protection Bureau's small-business loan rule, saying the resolution would hinder the ...
The Homeowners Refinancing Act (also known as the Home Owners' Loan Act of 1933 and the Home Owners' Loan Corporation Act) was an Act of Congress of the United States passed as part of Franklin Delano Roosevelt's New Deal during the Great Depression to help those in danger of losing their homes. [1] The act, which went into effect on June 13 ...
The Gramm–Leach–Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, (Pub. L. 106–102 (text) (PDF), 113 Stat. 1338, enacted November 12, 1999) is an act of the 106th United States Congress (1999–2001). It repealed part of the Glass–Steagall Act of 1933, removing barriers in the market among banking ...
The Bank Holding Company Act of 1956 (12 U.S.C. § 1841, et seq.) is a United States Act of Congress that regulates the actions of bank holding companies.. The original law (subsequently amended), specified that the Federal Reserve Board of Governors must approve the establishment of a bank holding company and that bank holding companies headquartered in one state are banned from acquiring a ...
Federal Home Loan Bank Act. An Act to create Federal Home Loan Banks, to provide for the supervision thereof, and for other purposes. The Federal Home Loan Bank Act, Pub. L. 72–304, 47 Stat. 725, enacted July 22, 1932, is a United States federal law passed under President Herbert Hoover in order to lower the cost of home ownership. [1]
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