Sentences with phrase «federal financial oversight»

The heads of federal financial oversight agencies testified on on the implementation of the 2010 Dodd - Frank financial regulations law, focusing on derivatives.

Not exact matches

The legislation, called PROMESA, would create a federal oversight board to help Puerto Rico governments balance their budgets, improve financial reporting and facilitate debt restructuring when voluntary agreements between creditors and borrowers can not be reached.

The settlements over the trading loss in London — reached with the Securities and Exchange Commission, the Office of the Comptroller of the Currency, the Federal Reserve and the Financial Conduct Authority in London — laid bare a pattern of «deficiencies» in JPMorgan's oversight.

These changes significantly restructured regulatory oversight and other aspects of the financial industry, created a new federal agency to supervise and enforce consumer lending laws and regulations and expanded state authority over consumer lending.

Additionally, «Because of AIG's size and interconnectedness» the Financial Stability Oversight Council («FSOC») has deemed AIG a non-bank SIFI, subjecting the company to Federal Reserve oversight and increased capital requirements.

Those votes highlighted the fervent free - market ideology that has made Hensarling, now chairman of the House Financial Services Committee, the proud leader of the drive by congressional Republicans to roll back tougher federal oversight of the financiaFinancial Services Committee, the proud leader of the drive by congressional Republicans to roll back tougher federal oversight of the financialfinancial system.

A multitude of federal agencies, self - regulatory organizations (SROs), and state authorities share oversight of the financial system under a framework riddled with regulatory gaps, loopholes, and inefficiencies.»

When the International Monetary Fund last reviewed Canada's financial system in 2014, it recommended we do better in managing federal - provincial co-ordination around systemic risk oversight, and improve systemic risk management in capital markets.

In September 2013, JPMC paid $ 920 million in fines to the Securities and Exchange Commission, the Federal Reserve Bank, the Office of the Comptroller of the Currency, and the United Kingdom's Financial Conduct Authority to settle claims of mismanagement with respect to its oversight of traders involved in the «London Whale» disaster which caused losses of approximately $ 6 billion.

The Economic and Financial Crime Commision (EFCC) prosecutor, Jacobs, had told a Federal High Court, Abuja on Wednesday that the DSS Director of Legal Services attributed the failure of the agency to produce the ex-NSA in court on Tuesday to an «oversight».

SUNY Poly's seemingly precarious financial state — particularly since former president Alain Kaloyeros resigned in October after state and federal corruption charges were filed against him related to his oversight of bidding processes at two of the school's affiliated nonprofits — has been widely reported, but the internal documents offer a rare glimpse at how the crisis has been perceived and deliberated internally.

SUNY Poly's seemingly precarious financial state — particularly since former president Alain Kaloyeros resigned in October after state and federal corruption charges were filed against him related to his oversight of bidding processes at two of the school's affiliated nonprofits — has been

The Department of Education's responsibilities include gathering data to assess how well certain programs and grants are working, awards Pell grants federal financial aid through loans and provides oversight over state policies to prevent discrimination.

The authorizer plays a vital role in charter school financial oversight, as it is the only entity charged with looking at the entire picture of the charter school — it's financial, organizational, and academic operations — and verifying that the school is meeting all of its federal obligations.

During his career, Steve has worked for multiple U.S. cities and the federal government, where he has helped improve the efficiency of government operations; ranging from financial and contract management oversight to strategic planning and performance management initiatives.

Provide strategic direction and oversight to ESC on behalf of DOT as a Federal Shared Service Provider designated by OMB to provide financial systems and accounting services to other Federal agencies on a cost - reimbursement basis.

requiring that any Federal financial assistance provided under this chapter be spent on correcting safety deficiencies identified by the Secretary or the State safety oversight agency before such funds are spent on other projects;

Many private lenders issue too few mortgage loans to be closely watched in the patchwork of state and federal oversight that bind banks and other larger financial institutions.

Though payday lenders have historically been regulated on the state level, the Consumer Financial Protection Bureau has explored establishing federal regulations and oversight.

The bill largely reformed the Federal Government's oversight of the economy and created a slew of new agencies in the process, such as the Consumer Financial Protection Bureau, to help prevent another Great Recession.

With a federal agency now in charge of oversight for the consumer financial services industry, we are now able to get a clear picture of the areas that are most problematic for banks, lenders and other financial providers.

It stands for the Federal Housing Enterprises Financial Safety and Soundness Act, which was passed in 1992 and designed to increase government oversight of the mortgage industry.

We have represented clients in numerous other congressional investigations and oversight hearings, including a major internet services company in an investigation of its practices abroad, a chemical manufacturer in an investigation of the safety of its products, an insurance company in a hearing on the federal long term care insurance program, a financial services company in an investigation of credit card terms, and drug companies in investigations concerning such matters as payments to doctors, marketing practices, generic approvals, drug importation, and drug safety.

Professional background screeners are subject to federal oversight regarding compliance with the Fair Credit Reporting Act (FCRA) and the background screening industry is highly regulated by the Federal Trade Commission (FTC), Consumer Financial Protection Bureau (CFPB), and state and local consumer protectiofederal oversight regarding compliance with the Fair Credit Reporting Act (FCRA) and the background screening industry is highly regulated by the Federal Trade Commission (FTC), Consumer Financial Protection Bureau (CFPB), and state and local consumer protectioFederal Trade Commission (FTC), Consumer Financial Protection Bureau (CFPB), and state and local consumer protection laws.

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At the same time, with the industry defined as financial rather than commercial in nature, real estate brokerage and management operations would very likely be subject to additional federal regulatory oversight.

Regulations the new administration plans to target include a ban on proprietary trading, a requirement that risky financial companies be subject to tough Federal Reserve oversight, and rules for taking down failed banks.

1992 — Federal Housing Enterprises» Financial Safety and Soundness Act of 1992 creates HUD Office of Federal Housing Enterprise Oversight to provide public oversight of FNMA and Federal Home Loan Mortgage Corporation (Freddie Mac).

conducts oversight of the Government - Sponsored Enterprises, Fannie Mae and Freddie Mac, to ensure consistency with the Fair Housing Act and the fair housing provisions of the Federal Housing Enterprises Financial Safety and Soundness Act; and