Savings and loan crisis

Save® Announces Market Trust, an Innovative New Retirement Savings Program

Retrieved on: 
Wednesday, August 16, 2023
Securities Investor Protection Corporation, SIPA, Securities Investor Protection Act, FDIC, Congress, Market, Apex, Savings and loan crisis, Retirement, SIPC, Investment, Life annuity, Bank

Save expects the return potential of its Market Trust program to be higher than traditional high-yield interest savings accounts or market-driven retirement solutions.

Key Points: 
  • Save expects the return potential of its Market Trust program to be higher than traditional high-yield interest savings accounts or market-driven retirement solutions.
  • All program deposits are to be principal protected and designed to be held for the program term.
  • "Our Market Trust program can fundamentally change how people save for retirement."
  • "We're excited to work with Gainbridge® to build an entirely new approach to retirement savings," said Michael Nelskyla, CEO of Save.

The Foundation Pleased Congress Requested GAO Study of Appraisal Exemptions

Retrieved on: 
Wednesday, February 19, 2020
Savings and loan crisis, Federal Deposit Insurance Corporation, Federal government of the United States, Bank regulation in the United States, United States federal banking legislation, Real estate valuation, Financial Institutions Reform, Recovery, and Enforcement Act, Economy of the United States, Finance, The Appraisal Foundation, Real estate appraisal, Economic appraisal

WASHINGTON, Feb. 19, 2020 /PRNewswire/ -- The Appraisal Foundation is pleased that Congress announced it has requested the Government Accountability Office conduct a study pertaining to the 1989 law that set up appraisal regulations, Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA).

Key Points: 
  • WASHINGTON, Feb. 19, 2020 /PRNewswire/ -- The Appraisal Foundation is pleased that Congress announced it has requested the Government Accountability Office conduct a study pertaining to the 1989 law that set up appraisal regulations, Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA).
  • "Thirty years ago, Congress passed FIRREA to protect homeowners and the federal deposit insurance fund from the impacts of inaccurate and inflated property valuations," said David Bunton, president of The Appraisal Foundation.
  • In the letter requesting the study, Waters and Lacy asked GAO to address the four issues of threshold increases, regulatory exemptions, appraisal waivers and evaluations.
  • The Appraisal Foundation has expressed concerns about the implementation of FIRREA to Congress on several occasions.

"A 53 Billion Dollar Federal Reserve Infusion Is What a Downpayment on White Reparation Looks Like," Says Robert Alexander President Of The Miami SCLC

Retrieved on: 
Friday, September 27, 2019
United States federal banking legislation, Bank regulation in the United States, Savings and loan crisis, Independent agencies of the United States government, Federal Deposit Insurance Corporation, Financial Institutions Reform, Recovery, and Enforcement Act, Federal Reserve, Financial services, Finance, Banking

Since 1994 when there were 55 black-owned banks, we have seen 40 black banks close and now have just 15 remaining," said Robert Alexander.

Key Points: 
  • Since 1994 when there were 55 black-owned banks, we have seen 40 black banks close and now have just 15 remaining," said Robert Alexander.
  • "Even as many banks received billions in the bailout from the last financial crisis, Black banks received a negligible amount.
  • This is despite the directive in Sec 308 of FIRREA to preserve the number and character of minority depository institutions.
  • It has been pointed out by many that one of the major problems is the Feds insular process and network.