Office of the Comptroller of the Currency

Hello, All. I am writing to introduce everyone to each other. Andrea Gandara and Matthew Knepper meet Patrick Thantacheva. As I mentioned to you Patrick, we have two bankruptcy competition coaches. Andrea and Matthew are volunteer coaches and prior Boydians, who donate their time to refining the Boyd team. Both are practicing litigators: Andrea is a bankruptcy litigator at Holley, Driggers, Walch, Puzey, Thompson and Matthew is a litigator that focuses on consumer finance and compliance at Ackerman. Matthew has participated in the competition in prior years and both Andrea and Matthew have coached students for this competition in years past. Andrea and Matthew, Patrick is a 3L in the part-time evening section. He doesn’t have…

It establishes two new government departments these being the FSOC (Financial Stability Oversight Council), as well as the office of financial research which is an office within the treasury. This title also expands the authoritative powers granted to the Board of Governors of the Federal Reserve System, allowing them to supervise certain nonbank financial companies, along with large bank holding companies that were not previously under the scope of the board of governors but could have a…

This was the first public enforcement case brought on by the Consumer Financial Protection Bureau to increase oversight of consumer financial products. The bureau and the Office of Comptroller of the Currency said Capital One agreed to pay around $150 million in restitution to 2 million customers as well as pay an additional $25 million in penalties to the Consumer Financial Protection Bureau and $35 million in penalties to the Office of Comptroller of the Currency. Capital One did not admit to…

Bachelor’s degree from Marietta College, then he attended law school and eventually returned to Marietta and got his Master’s degree. In 1897, Dawes was appointed the comptroller of the currency. Dawes was the thirtieth vice president, under President Coolidge. The two guys did not see eye to…

The Iron Bank, co-founded by residents and the founder of Ironton, opened for business on July 11, 1851. After some changes in location and a merger, the bank, then the First National Bank of Ironton, settled in its current home on Third Street. In the 1970s, it was purchased by the First National Bank of Cincinnati, which subsequently became the Star Banc Corporation and finally the U. S. Bank National Association. After the town of Ironton began selling lots and constructed a railroad, many…

The main functions of the Federal Reserve Bank in general are: clear checks, issue new currency & remove damaged currency, evaluate bank mergers & expansions, lender to member banks, liaison between local community & the Federal Reserve System, perform bank examinations, and collect & examine data on local business conditions. The New York Fed is responsible for oversight of some of the largest financial institutions headquartered in Manhattan and the surrounding area. The New York Fed houses…

The Wells Fargo fraudulent account case started forming during September 8th of 2016. Wells Faro Bank was accused by the Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency and the Los Angeles City Attorney. The firms claimed that Wells Fargo during 2011 and 2016 created additional fraudulent bank accounts for pre-existing customers. Signing up over 2 million customers for new credit cards and fees that they were unaware of. The fraud allegedly resulted from our…

financial collapse, Franklin Roosevelt took the oath of office of the President of the United States (Golway 20-25). IV. Government Short-term Responses/Long-term Solutions On March 6, 1933, at 1:00 a.m., President Roosevelt proclaimed a four day national Bank Holiday, to suspend all banking transactions (Jabaily). With the banks still closed, on March 9, the Emergency Banking Act was drafted - the House approved it without having read it and the Senate passed it with few objections (Golway…

board’s office.” There is a risk that moving large quantities of cash may “encourage [community-wide] crime and violence.” Accordingly, marijuana dispensaries may hire security detail and use armored vehicles. There is also is an economic risk that marijuana dispensaries have the opportunity to underreport its taxes. Access to financial institutions is a “rare luxury” in the marijuana industry. A critical issue in state-legalized marijuana industries is how financial institutions can…

21st century trade. In essence, “Regulation AT is a 20th century analog response to the 21st century digital revolution in trading markets”(Speeches). In order to stay on top of the trade markets, regulation AT needs to be modernized and revamped into a more effective plan for the environment it wishes to take on. I focus on the CFTC’s regulation because that is a regulation that directly focuses on the commodities that are being traded through automation unlike other institutions with broader…