Pioneering use of FIRREA shaped big enforcement wave

Kim, Jim
April 2014
Fierce Finance IT;4/22/2014, p230
No abstract available.


Related Articles

  • DOJ to Continue Big-Bank Suits Despite B of A Decision. Adler, Joe // National Mortgage News;4/7/2014, Vol. 38 Issue 14, p1 

    The article reports that the U.S. Dept. of Justice is likely to use the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) to bring civil claims against big banks, despite a similar case against the Bank of America (B of A) being dismissed by the court. The topics discussed...

  • One Legacy of S&L Crisis: Affordable Housing. RICE, NORMAN B. // American Banker;8/9/1999, Vol. 164 Issue 151, p8 

    Comments on the impact of implementing the 1989 Financial Institution Reform Recovery & Enforcement Act (FIRREA) on savings & loan association failures and housing costs in the United States. Creation of the Affordable Housing Program (AHP) under the FIRREA; Use of private money to finance the...

  • Understanding FIRREA: Revived Law Expands Government's Enforcement Options. CAMPBELL, BENTON J.; RECKLER, WILLIAM O.; MORRIS, BRIGID // Journal of Taxation & Regulation of Financial Institutions;Jan/Feb2014, Vol. 27 Issue 3, p13 

    In an effort to pursue the financial institutions perceived to be at the heart of the current financial crisis, the Department of Justice has increasingly turned to civil statutes, such as the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA), in lieu of criminal...

  • Washington, D.C.  // American City & County;Nov93, Vol. 108 Issue 12, p21 

    Reports on the call of the National Association of Counties to county governments to get acquainted with the Financial Institution Reform, Recovery and Enforcement Act (FIRREA) of 1989. Requirements of the FIRREA.

  • U.S. tries finance-probe statute. Investor's Business Daily // Investors Business Daily;4/16/2012, pA02 

    Big banks and brokers now must contend with a statute making it easier to charge them. Sources told Reuters a Justice Dept. financial misconduct task force is turning to FIRREA, used this year in a

  • Old Law, New Relevance for Financial Crisis Cases. Jaeger, Jadyn // Compliance Week;Apr2013, Vol. 10 Issue 111, p25 

    The article informs that the U.S. Department of Justice has decided to use the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) to deal with cases related to financial crises. It states that the department will use the act to penalize companies involved in civil fraud...

  • FIRREA and Its Effect on the Investment Community. Carter, Bradley R.; Bower, Dori D'Esposito // Real Estate Issues;Spring2007, Vol. 32 Issue 1, p35 

    The article examines the impact of the Federal Institutions Reform, Recovery and Enforcement Act (FIRREA) on the U.S. investment community. According to the authors, the FIRREA restricts a borrower to have any involvement in ordering an appraisal that an institution will use for lending...

  • Will Feds Use FIRREA to Pursue Non-Bank Fraud? Mont, Joe // Compliance Week;Feb2014, Vol. 11 Issue 121, p22 

    The article focuses on the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of the Department of Justice (DoJ) in the U.S. It states that the penalties under the FIRREA can reach to $1 million per violation and $5 million for continuing violations. It notes that the...

  • Judge Endorses Use of Fraud Law Against Bank of America. Raymond, Nate // Banking Strategies Daily;8/20/2013, p3 

    The article reports on the endorsement of U.S. District Judge Jed Rakoff of a broad interpretation of a savings and loan law that the Justice Department attempted to use in fraud case against banks in New York City. It notes that the Financial Institutional Reform, Recovery and Enforcement Act...

  • Redesigned appraisal process grinds on.  // ABA Banking Journal;Apr91, Vol. 83 Issue 4, p20 

    Reports the redesigned appraisal process set by the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA). Comments of the Federal Reserve Board; Requirements of FIRREA; Category system of appraiser qualifications.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics