Sentences with phrase «requires federal banking»

(Sec. 299E) Amends the Federal Deposit Insurance Act to require federal banking agencies to prescribe guidelines encouraging the establishment and maintenance of green banking centers by federal - insured depository institutions to provide consumers who seek information on obtaining a mortgage, home improvement loan, home equity loan, or renewable energy lease with information about home energy ratings, energy audits, financing for energy efficiency improvements, and loan benefits that reflect energy efficiency aspects.

Not exact matches

Quite apart from the argument over OSFI - style oversight, the former federal official and others stress this segment of the market at least requires more transparency and clearer data so regulators and the Bank of Canada can better understand the credit landscape and the extent of high - risk loans issued by private lenders.

Every so often, the Federal Reserve requires major banks to run a «stress test» to see how they'd handle a financial crisis.

Those federal rules, which double down on restrictions adopted in 2014 and stern warnings to lenders issued by OSFI earlier this summer, require banks to qualify borrowers at higher interest rates, impose additional limits on mortgages for buyers with small down payments, and compel financial institutions to share the risk by taking out insurance policies on low - ratio mortgages.

Federal law all but requires legal marijuana to operate strictly in cash, while in Canada banks are helping that nation's cannabis industry boom.

The federal banking regulator's tougher rules, which took effect Jan. 1, now require a stress test to be applied even to borrowers with more than 20 per cent down payment.

According to the federal Bank Act, every mortgage from a federally regulated institution with a down payment of less than 25 % is required to carry mortgage insurance.

Dimon's Wednesday comments came in response to a question about a new proposal from the Federal Reserve that would require JPMorgan, the biggest bank in America, to hold more capital in reserve to protect against losses, even compared to its other mega-bank rivals.

Please note: Due to federal regulations, Citizens Bank is required to provide every potential borrower with disclosure information before they apply for a private student loan.

The House Committee on Banking, Finance, and Urban Affairs defined this risk as «the difference between the rate that the guaranteed loans carry and the rate that Chrysler would be required to pay if the loans were obtained without the federal guarantees.»

39 The Federal Home Loan Banks (FHLBs) are one type of institution that requires this feature for some of their cash holdings.

First, by the end of 2014, following the large - scale asset purchase programs, the Federal Reserve balance sheet was funded by about $ 3.1 trillion in liabilities other than Federal Reserve notes, which were mostly in the form of reserves in excess of the amount banks were required to hold; in contrast, there were only $ 64 billion of non-Federal Reserve note liabilities in June 2007, of which only about $ 2 billion were excess reserves.

About the Reserve Banks» Boards of Directors The Federal Reserve Act of 1913 requires each of the Reserve Banks to operate under the supervision of a board of directors.

The recent Basel III pact, an international accord under which central banks across the world — including the U.S. Federal Reserve — agreed to regulatory standards, requires banks to increase their equity funding to at least 7 % of their «risk - weighted» assets by 2019.

Wells Fargo and other banks that benefited from the federal $ 245 billion Troubled Asset Relief Program are required to participate in HAMP.

Promptly after, the hedge fund would lose $ 4.6 billion in four months in the aftermath of the Asian financial crisis, requiring a bailout from the Federal Reserve and various banks.

The head of the Federal Reserve Bank of San Francisco believes that crypto lacks the core features required to define them as a currency.

On Tuesday, Bank of America announced that after passing the Federal Reserve's latest stress test — an exercise implemented after the financial crisis that requires big financial institutions to prove they have the capital to sustain operations in a recession — it would raise its dividend to $ 0.48 per year.

to use its authority to enforce changes at Wells Fargo, the Federal Reserve earlier this month required the bank to replace four members of its board by the end of 2018.

WASHINGTON (AP)-- Federal regulators are proposing that the eight biggest U.S. banks be required to further increase the amount of capital they set aside to cushion against unexpected losses.

Two of JPMorgan Chase's felony counts stem from how it handled Ponzi - king Bernie Madoff's main business bank account for decades and failed to report highly suspicious activity as it is required to do under Federal law.

And I myself have used it to pay editors and translators in other countries and you know there's no fooling around with bank fees and you don't have to fill out any of the capital control forms required by the Federal government.

That's a slim reserve ratio of 1.18 percent in a banking system that required $ 16 trillion of secret Federal Reserve loans to resuscitate itself from 2007 to 2010.

When the Fed «raises» rates, what it alters is the Federal Funds rate — the rate that banks charge each other for overnight loans to cover their cash needs (every bank is required to keep a certain amount of funds, called reserves, with the Federal Reserve and these funds can be borrowed).

The transfer can be arranged only through a depository institution that holds an account at a Federal Reserve Bank; the person making the transfer is required to pay applicable transfer fees.

In a floor system, banks are kept flush with excess reserves, and monetary control is exercised, not be adjusting the quantity of reserves so as to achieve a particular equilibrium federal funds rate, but by manipulating the interest rate the Fed pays on banks» required and excess reserves holdings, alone or along with the Fed's overnight reverse - repo (ON - RRP) rate.

The reserve amount is specified by the Federal Reserve Board's Regulation D. Regulation D created a set of uniform reserve requirements for all depository institutions with transaction accounts, and requires banks to provide regular reports to the Federal Reserve.

That Act would further restrict the Fed's 13 (3) lending operations by requiring that they be approved by at least two - thirds of the FOMC (as opposed to the present 5 - member requirement); by disallowing the use of equity as collateral for 13 (3) loans; by requiring that loans be approved not only by the Federal Reserve Board but by all Federal banking regulators having jurisdiction over the prospective borrowers; and by allowing emergency lending to be extended beyond a term of 30 days only by means of a joint resolution approved by Congress.

A few years ago, when the seventh largest corporation in America, Penn Central, was on the verge of forfeiting on hundreds of millions of dollars in short - term loans, the Federal Reserve saved hundreds of banks from bankruptcy — and the economy from catastrophe — by offering to cover all the loans required at that point to maintain stability.

Even so, some local officials want the state and federal governments to pick up the full tab of the storm recovery bill, insisting that to require them to pay their 12.5 percent share would break the bank for already over-taxed property owners.

A federal court had required Nassau to reserve cash in a bank account or put up a bond as proof it could pay.

To appeal the award, the federal court required the county to either reserve cash in a bank account or put up a bond as proof it could pay.

A federal court had required the county to either reserve cash in a bank account or put up a bond as proof it could pay.

Harrington suggest Cuomo could fund the housing portion by tapping into the financial settlements the state has won from banks, or use Medicaid funds for supportive housing, an idea that would require federal approval.

Approval for the conduct of this study was obtained from the Institutional Review Board of New Jersey Medical School and the Institutional Review Board of Pacific Northwest National Laboratory (Exempt status and consent not required, using previously banked de-identified samples in accordance with federal regulations).

Studies, including those sponsored by the Federal Reserve Bank, find that incentive - based practices only work for the most menial tasks that do not require critical thinking (Ariely, et.

This is why some national banks charge as much as 79.9 percent, but only if the issuer discloses those terms as required under the federal Truth in Lending Act.

One tool the Fed uses to control inflation is the Federal Funds Rate, and the reserves it requires banks to set aside for depositors.

Reserve Requirements The minimum amount of cash and liquid assets as a percentage of demand deposits and time deposits that member banks of the Federal Reserve are required to maintain.

Keep in mind that the Federal Reserve requires banks to allow six automatic savings account transfers per month before it charges you fees.

Federal law requires a limit of $ 50 but the trend, especially with rising cases of identity theft, is for banks to absorb the full cost of fraudulent purchases.

In contrast to loans offered by third party banks, federal student loans do not require a consigner.

It will be difficult to set up a bank account once you're incarcerated because federal anti-terrorism laws passed after the Sept. 11 terrorist attacks require account holders to provide identification and appear in person at the lending institution when opening an account.

Federal regulations require the Bank to record your taxpayer identification number (Social Security Number).

If you do not give the Bank your number on or shortly after the day you opened your account, federal law requires the Bank to withhold a portion of the amount of interest paid on your account each time interest is credited.

So I received an e-mail today from a bank from whom I have an existing credit card as follows: To consider you for a future credit line increase, federal regulations require us to have your...

(b) engaged as an «investment advisor» as that term is defined in Section 201 (11) of the Investment Advisor's Act of 1940 (whether or not registered or qualified under that Act), nor (c) employed by a bank or other organization exempt from registration under Federal and / or state securities laws to perform functions that would require him or her to be so registered or qualified if he or she were to perform such functions for an organization not so exempt.

Unlike your typical bank loan, federal student loan consolidation doesn't require you to have a high credit score.

Because they are backed by the Federal Housing Administration, FHA loans allow people to purchase a new home with as little as 3.5 percent down, as opposed to the typical 20 percent some banks require.

A. Every credit services business, before it enters into a contract with a consumer, shall file and maintain with the Commissioner, in form and substance satisfactory to him, a bond with corporate surety from a company authorized to transact business in the Commonwealth, or a letter of credit from a bank insured by the Federal Deposit Insurance Corporation in an amount equal to 100 times the standard fee charged by the credit services business but in no event shall the bond or letter of credit required under this section be less than $ 5,000 or greater than $ 50,000.