Financial Services Modernization: Hearings Before the Subcommittee on Financial Institutions and Consumer Credit of the Committee on Banking and Financial Services, House of Representatives, One Hundred Fifth Congress, First Session, February 11, 13, 25, 1997 |
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Page 16
... lending , insurance and investment services . Community banks ' traditional role as financial advisors will be enhanced because they will be permitted to offer a full range of services . Both small and large businesses and their ...
... lending , insurance and investment services . Community banks ' traditional role as financial advisors will be enhanced because they will be permitted to offer a full range of services . Both small and large businesses and their ...
Page 21
... lending limitations . Frequently we hear , " Well , the bank will lend or favor a particular party , " but there are absolute numerical limits on how much a bank may lend to an individual borrower . There are also limits on officer and ...
... lending limitations . Frequently we hear , " Well , the bank will lend or favor a particular party , " but there are absolute numerical limits on how much a bank may lend to an individual borrower . There are also limits on officer and ...
Page 37
... Lending Act , if I am not mistaken , and basically the consumer receives no- tice of how to " opt out , " whatever device , you know , that is . Ms. ROYBAL - ALLARD . OK . Given the sensitivity of the informa- tion that is gathered ...
... Lending Act , if I am not mistaken , and basically the consumer receives no- tice of how to " opt out , " whatever device , you know , that is . Ms. ROYBAL - ALLARD . OK . Given the sensitivity of the informa- tion that is gathered ...
Page 38
... Lending . Ms. ROYBAL - ALLARD . That is what I am trying to understand , what is meant by " clearly and conspicuously . " When you go to get a loan , you sometimes get something this thick and you are asked to sign all of these things ...
... Lending . Ms. ROYBAL - ALLARD . That is what I am trying to understand , what is meant by " clearly and conspicuously . " When you go to get a loan , you sometimes get something this thick and you are asked to sign all of these things ...
Page 40
... lending ? Mr. TASSEY . You are referring to the market - funded lending in- stitutions provisions ? Mr. BENTSEN . Right . Mr. TASSEY . Basically what that would do is give the same treat- ment on rates and related fees that national ...
... lending ? Mr. TASSEY . You are referring to the market - funded lending in- stitutions provisions ? Mr. BENTSEN . Right . Mr. TASSEY . Basically what that would do is give the same treat- ment on rates and related fees that national ...
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activities assets bank holding company bank subsidiaries Bankers banking and commerce banking industry banking organizations banking regulators believe benefit BENTSEN bill broker-dealers capital Chairman Chairwoman ROUKEMA commercial banks commercial paper committee competition concerns Congress corporate customers deposit insurance funds depository institutions discount window economic engage entities FDIC Federal Reserve Federal Reserve Act Federal Reserve Board FINANCE COMPANIES financial institutions financial modernization financial services holding financial services industry financial system firewalls FSHC functional regulation Glass-Steagall Glass-Steagall Act going GREENSPAN insurance companies insured institutions Investment Company investors issue LAFALCE laws lending limited loan Madam Chairwoman marketplace mutual funds national banks non-bank operating subsidiary oversight percent permit PIRG question reform regulatory structure requirements restrictions risk safeguards safety and soundness savings associations Section securities firms services holding company subcommittee subsidy supervision testimony Thank thrift charter tion transactions underwriting VENTO VOLCKER
Popular passages
Page 419 - ... what constitutes doing business in this State, and also exercises powers and privileges available to the state by virtue of Public Law 15, 79th Congress of the United States, Chapter 20, 1st Session, S. 340, which declares that the business of insurance and every person engaged therein shall be subject to the laws of the several states.
Page 393 - ... shall be deemed equivalent to an appointment by such nonresident of the registrar or his successor in office, to be his true and lawful attorney upon whom may be served all lawful processes...
Page 417 - New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Oklahoma, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee.
Page 193 - ABA brings together all elements of the banking community to best represent the interests of this rapidly changing industry. Its membership— which includes community, regional, and money center banks and holding companies, as well as savings institutions, trust companies, and savings banks — makes ABA the largest banking trade association in the country.
Page 415 - The Supreme Court's central holding was that Section 92 preempts State laws that prohibit national banks from selling insurance, pursuant to their Section 92 authority. In the course of rendering this decision, however, the Supreme Court also acknowledged that "[t]o say this" -- to say that Section 92 preempts State laws that would otherwise prohibit small-town national banks from selling insurance -- "is not to deprive States of their power to regulate national banks, where (unlike here) doing so...
Page 409 - Commissioner may, after giving notice and an opportunity to be heard, determine to suspend, revoke or refuse to renew such insurer's license or authority to do business in this State for such period as he finds is required for the protection of policyholders or the public. Any such determination shall be accompanied by specific findings of fact and conclusions of law.
Page 389 - ... (d) (1) It shall be unlawful for any person, directly or indirectly, by use of the mails or by any means or instrumentality of interstate commerce or of any facility of a national securities exchange or otherwise, to make a tender offer for, or a request or invitation for tenders...
Page 406 - No security which is the subject of any agreement or arrangement regarding acquisition, or which is acquired or to be acquired, in contravention of the provisions of this chapter or of any rule, regulation or order issued by the commissioner hereunder may be voted at any shareholders...
Page 399 - Each registered insurer shall keep current the information required to be disclosed in its registration statement by reporting all material changes or additions on amendment forms provided by the Commissioner within...
Page 393 - ... (C) any acquisition of an equity security by the issuer of such security; (D) any acquisition or proposed acquisition of a security which the Commission, by rules or regulations or by order, shall exempt from the provisions of this subsection as not entered into for the purpose of, and not having the effect of, changing or influencing the control of the issuer or otherwise as not comprehended within the purposes of this subsection.