Banking Report Index-Summary

OECD

See ORGANIZATION FOR ECONOMIC COOPERATION AND DEVELOPMENT (OECD)

OHIO

– Failed banks, Peoples Community Bank, OTS closes institution and turns it over to FDIC, 93:224
– Foreclosure

– – Prevention, borrower must pay lender's legal fees in exchange for stopping pending foreclosure (Ohio), 92:391
– – Supremacy Clause preempts Cleveland's suit against national banks over allegedly destructive cycle of lending and securitization, OCC brief says (N.D. Ohio), 92:84

– Merrill Lynch acquisition by Bank of America, state AG files complaint over shareholder losses from merger (S.D.N.Y.), 93:648

OKLAHOMA

– Failed banks, First State Bank of Altus, state authorities shutter institution, 93:224

OREGON

– Class actions, wireless card service agreement arbitration clause unenforceable under Or. state law for small damage awards (9th Cir.), 92:892
– Failed banks

– – Community First Bank, state officials close all 8 branches of Prineville institution, 93:284
– – Pinnacle Bank, state regulators close bank, 92:431
– – Silver Falls Bank branches open under banner of Citizens Bank, 92:432

– Foreclosure

– – 80/20 loans, state lawmakers approve measure to prevent lenders from pursuing further action against 2d mortgages after house sold, 92:1490
– – Notice and loan modification request procedures, state lawmakers approve measure, 93:22

– Mortgages

– – 80/20 loans, state lawmakers approve measure to prevent lenders from pursuing further action against 2d mortgages after house sold, 92:1490; governor signs measure, 93:239
– – Licensing, state lawmakers pass measure requiring loan originators to obtain license, 93:22; governor signs measure, 93:239
– – Negative amortization loans, state legislature approves measure restricting loans without verifying ability to repay, 92:1325; governor signs measure, 93:22; measure requires lenders to meet with homeowners, 93:239

ORGANIZATION FOR ECONOMIC COOPERATION AND DEVELOPMENT (OECD)

– Economic surveys, euro area needs single authority to supervise financial sector, review says, 92:157
– Financial market trends, Bush administration's lending policy led to subprime lending crisis, research report says, 92:159
– Tax havens

– – Compliance by high net worth individuals and financial institutions, reports to be issued soon, 92:1070
– – Switzerland promoted to white list of jurisdictions substantially implementing standard tax information exchange pacts, 93:599
– – Taxpayer information exchange agreements, OECD working to establish peer review mechanism, 93:406
– – Uncooperative jurisdictions, group removes Andorra, Liechtenstein, and Monaco from 2002 list, 92:1286

OTS

See THRIFT SUPERVISION OFFICE (OTS)

OUTLOOK 2009

– Accounting

– – Herz discusses impact of financial crisis on current and future FASB projects, 92:102
– – Standards setters face continued pressure while financial turmoil sets stage for 2009, 92:96

– Data security legislation likely to face big challenges, 92:115
– Foreclosure, Obama administration vows to move quickly on “sweeping” plan, 92:221
– Hedge funds, new rules likely, analysts say, citing systemic risk potential, 92:233
– Insurance regulation could take new shape, 92:235
– Interest rates and inflation, forecasters predict very low rates amid FRB intervention attempts to stimulate economy, 92:45
– International forecast, world in recession in wake of financial sector crisis, 92:48
– Regulatory reform

– – Congress expected to revamp system to prevent and minimize financial crises, 92:213
– – Landscape to be more transparent and uniform, Ludwig says, 92:217

– Securities, Pres. Obama pledges major reforms while Schapiro promises big changes at SEC, 92:225
– State legislation affecting banks will yield to budget crisis bills, 92:238
– States face many privacy measures, 92:117
– Survey highlights, 92:41
– Tax administration, IRS work on financial products changed by economic turmoil, Larson says, 92:94
– Tax havens, scrutiny of foreign taxpayers and banks to increase while Congress to consider limiting deferral, 92:108