Archive for August, 2009
Monday, August 31st, 2009
The payments system in the United States is governed by a patchwork of federal and state laws, Federal Reserve Regulations, and case law. Federal Reserve Regulations are used by the Board of Governors to implement the laws pertaining to banking and financial activities. Exhibit 8.4 summarizes the regulations that most ...
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Friday, August 28th, 2009
As part of its role in supervising and regulating the industry, the Fed has always been concerned with defining and protecting consumers' rights. Following are some of the most significant acts that have impacted business banking.
Electronic Funds Transfer Act of 1978 (EFTA). Rapid developments in technology and the increased use ...
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Thursday, August 27th, 2009
There are so many interesting things that we could be able to get in the internet. For some people, they could get the fashion stuff in the internet. They could get the clothes, and some accessories to support their clothing style.
In the internet, they would be able to get so ...
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Tuesday, August 25th, 2009
TIPS & TECHNIQUES—Cash Management and Interstate Banking
The advent of interstate banking will present treasury managers with many cash management benefits. The total number of banks can be reduced and integrated, and uniform banking platforms will provide more efficient collections, concentration, and disbursement of funds. It is possible to envisage that ...
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Saturday, August 22nd, 2009
Impact of IBBEA. The IBBEA is expected to restructure the nation's banking industry. The large multistate bank holding companies that are currently being formed are increasingly concentrating the volume of payments being processed through fewer channels. This gives the banks opportunities to achieve economies of scale and technological efficiencies in ...
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Wednesday, August 19th, 2009
What should a son or daughter do to their aging parent? That would be a question that is not easy to answer by any son or daughter in this world. If those elderly parents are still healthy enough and can take care of their selves, their children may not too ...
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Wednesday, August 19th, 2009
Deregulation of the banking industry has been ongoing for the last 20 years, although the legacy of prior legislation continues to influence the current-day environment. The following are some of the most significant acts that have attempted to dismantle legislation that has become outdated.
Depository Institutions Deregulation and Monetary Control Act ...
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Sunday, August 16th, 2009
Several laws were introduced to regulate the industry, usually in response to failures of the banking system. Some of the most important that are responsible for determining today's banking environment are described in the following subsections.
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Thursday, August 13th, 2009
Federal Deposit Insurance Corporation Improvement Act (FDICIA) of 1991
Amended FIRREA by mandating a least-cost resolution method and a prompt action approach to the problem of failing banks and ordered the creation of a risk-based insurance assessment. It established higher standards for financial institution safety and required the FDIC to declare ...
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Monday, August 10th, 2009
Electronic Funds Transfer Act of 1978 (EFTA)
Established the roles and responsibilities of the parties involved in electronic funds transfers (except wire transfers). Also limited consumer liability for fradulent transactions at ATMs and POS terminals.
Financial Institutions Regulatory and Interest Rate Control Act of 1978 (FIRIRCA)
Created the Federal Financial Institutions Examination Council, ...
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