Legal News

FDIC's Supervisory Insights
FDIC's Summer 2009 "Supervisory Insights" Bulletin, released today, reviews a year of crisis and highlights areas of supervisory focus going forward. FDIC's Director of Supervision and Consumer Protection Sandra Thompson recognizes the impact of increasing mortgage foreclosures and emphasizes new...

Bank Failure Basics for Borrowers
The FDIC has a new ?Borrower?s Guide to an FDIC Insured Bank Failure,? which provides information about: · Bank Failure generally · FDIC?s policy to return assets (loans are bank assets) to the private sector as quickly as possible ·...

Bank Failure Count
The troubled economy has made this a busy year for FDIC. So how many failures have there been so far this year? FDIC's Failed Bank List says 33 to date. Link to list and info: http://www...

FDIC Bank Account Insurance Coverage Calculator
The recent Bailout law increased the FDIC insurance coverage for bank accounts to $250,000 per person, per bank.  However, different types of accounts, such as joint, POD, etc...

So You Thought Being A Bank Director Was An Honor
For the past year or so, Georgia has been a hot bed of failed banks. According to an "unnamed source" within the FDIC, it's about to become the bulls-eye of FDIC target practice that seeks to score big returns to...

BankUnited Failure Largest This Year
Troubled bank and mortgage lender BankUnited was shut down today by the Office of Thrift Supervision and placed into FDIC receivership. It was the 34th bank failure of 2009 and the third in the state of Florida so far this year...

Chevy Chase Bank
lawsuit claims the bank is in violation of the Truth in Lending Act

Bank Transaction
City Bank president Mike Liner agrees to pay $25,000 fine for assisting in a cash deposit.

Bank Scandal
Swiss bank pays Parmalat $30 million bankruptcy settlement.

Excessive Bank Overdraft Fees
Bank Overdraft Fees alleging excessive fees and misrepresentation of account balances and more.

Bank of America Faces Homeowner Class Action For Withholding Federal Bailout Funds
Bank of America Faces Homeowner Class Action

Bank of America Corporation 401(k) / ERISA Stock Fraud
Bank of America Corporation 401(k) / ERISA Stock Fraud