Search results
Results from the Tech24 Deals Content Network
Charge-off. A charge-off or chargeoff is a declaration by a creditor (usually a credit card account) that an amount of debt is unlikely to be collected. This occurs when a consumer becomes severely delinquent on a debt. Traditionally, creditors make this declaration at the point of six months without payment. A charge-off is a form of write-off .
The Emergency Economic Stabilization Act of 2008, also known as the " bank bailout of 2008 " or the " Wall Street bailout ", was a United States federal law enacted during the Great Recession, which created federal programs to "bail out" failing financial institutions and banks. The bill was proposed by Treasury Secretary Henry Paulson, passed ...
In the United States, civil forfeiture (also called civil asset forfeiture or civil judicial forfeiture) [ 1] is a process in which law enforcement officers take assets from people who are suspected of involvement with crime or illegal activity without necessarily charging the owners with wrongdoing.
The Bank Secrecy Act of 1970 (BSA), also known as the Currency and Foreign Transactions Reporting Act, is a U.S. law requiring financial institutions in the United States to assist U.S. government agencies in detecting and preventing money laundering. [ 2] Specifically, the act requires financial institutions to keep records of cash purchases ...
Signed into law by President Jimmy Carter on March 31, 1980 The Depository Institutions Deregulation and Monetary Control Act of 1980 ( H.R. 4986 , Pub. L. Tooltip Public Law (United States) 96–221 ) (often abbreviated DIDMCA or MCA ) is a United States federal financial statute passed in 1980 and signed by President Jimmy Carter on March 31 ...
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States.It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises.
Yegiazaryan v. Smagin, No. 22-381, 599 U.S. ___ (2023) The Racketeer Influenced and Corrupt Organizations ( RICO) Act is a United States federal law that provides for extended criminal penalties and a civil cause of action for acts performed as part of an ongoing criminal organization .
The new state law , signed by Florida Gov. Ron DeSantis in May, declares it would be “unsafe and unsound” for banks to consider non-financial factors like politics, religion or environmental ...