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FDIC Law, Regulations, Related Acts

FEDERAL DEPOSIT INSURANCE CORPORATION     [Main Tabs]     [Index]     [Previous Page]     [Search] FEDERAL DEPOSIT INSURANCE CORPORATION REPORT BULLETIN NO. 10 August 29, 2008 550 Seventeenth Street, N.W. Washington, D.C. 20429 Order printed copies Supplement Highlights Supplement Highlights *Financial Education Programs That Include the Provision of Bank Products and Services. The Federal Deposit Insurance Corporation amended its regulations to permit state nonmember banks to participate or assist in financial education programs conducted on school premises where, in connection with the program, deposits are received, checks are paid, or money is lent, without the need to submit a branch application to, and receive prior approval from, the FDIC. However, any state nonmember bank that desires to engage in such financial education programs must satisfy certain conditions. 73 Fed. Reg. 25338. See pages 2055--2058, 2787--2788 *Illustrations of Consumer Information for Hybrid Adjustable Rate Mortgage Products. Office of the Comptroller of the Currency, Treasury, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of Thrift Supervision, Treasury, and the National Credit Unions Administration published four documents that set forth Illustrations of Consumer Information for Hybrid Adjustable Rate Mortgage Products. The illustrations are intended to assist institutions in implementing the consumer protection portion of the Interagency Statement on Subprime Mortgage Lending adopted on July 10, 2007, and in providing information to consumers on hybrid adjustable rate mortgage (ARM) products as recommended by the interagency statement. The illustrations are not model forms and institutions may choose not to use them. 73 Fed. Reg. 31001. See pages 5498.01--5498.03     [Main Tabs]     [Index]     [Next Page]     [Search]