Transcription of Bank Subsidiaries and Affiliates
{{id}} {{{paragraph}}}
Example: bankruptcy
Bank Subsidiaries and Affiliates
X. Other Bank Subsidiaries and Affiliates FDIC Consumer Compliance Examination Manual January 2014 X Bank Subsidiaries and Affiliates These examination procedures were developed to provide examiners guidance regarding: 1. how to review bank Subsidiaries and Affiliates (including those that are not institution-affiliated parties (IAPs)) of an FDIC-supervised institution for compliance with consumer protection laws and regulations; 2. the information and documentation needed to determine whether an affiliate is an IAP; and 3. how to incorporate violations involving Subsidiaries and Affiliates in the Report of Examination (ROE). These procedures should be used when, in the course of an examination, visitation, or investigation, examiners believe an affiliate or subsidiary of a state non-member bank may have violated fair lending or other consumer protection laws and regulations. Background FDIC examination authority over IAPs is derived from the Federal Deposit Insurance Act (FDI Act).
2 Hereinafter “affiliate” will include both subsidiaries (wholly owned or otherwise) and affiliates of the bank. 3 . 12 U.S.C. § 1813(u); 12 U.S.C. § 1818. 1. any director, officer, employee, or controlling stockholder (other than a bank holding company) …
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: