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Other, Independent Agencies (1 - 5 of 5 items)
Credit Cards: Customized Minimum Payment Disclosures Would Provide More Information to Consumers, but Impact Could Vary
GAO-06-434: Published: Apr 21, 2006. Publicly Released: Apr 24, 2006.
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 requires that credit card issuers (issuers) include in all cardholder billing statements a generic warning, or "disclosure," about the potential financial consequences of consistently making only the minimum payment due on a credit card. However, some have urged that consumers should instead receive "customized" disclosures in the...
Electronic Banking: Enhancing Federal Oversight of Internet Banking Activities
GGD-99-91: Published: Jul 6, 1999. Publicly Released: Aug 3, 1999.
Pursuant to a congressional request, GAO reviewed federal oversight of depository institutions' Internet banking activities, focusing on: (1) the risks posed by Internet banking and the extent of any industrywide Internet banking-related problems; (2) the methods used by regulators to track depository institutions' plans to provide Internet banking services; (3) how regulators examined Internet ba...
Year 2000 Computing Crisis: Federal Regulatory Efforts to Ensure Financial Institution Systems Are Year 2000 Compliant
T-AIMD-98-116: Published: Mar 24, 1998. Publicly Released: Mar 24, 1998.
GAO discussed the progress of the federal regulatory agencies in ensuring that the thousands of financial institutions they oversee are ready for the upcoming century date change.GAO noted that: (1) because financial institutions are heavily dependent on information technology, their viability hinges on whether they can successfully remediate systems before the Year 2000 deadline; (2) given this p...
Financial Institution Regulatory Agencies Can Make Better Use of Consumer Complaint Information
GGD-83-31: Published: Aug 25, 1983. Publicly Released: Sep 29, 1983.
The Federal Deposit Insurance Corporation (FDIC), the Federal Home Loan Bank System (FHLBS), the Federal Reserve System (FRS), the National Credit Union Administration (NCUA), and the Office of the Comptroller of the Currency (OCC) accept, investigate, and resolve consumers' complaints against the banks and saving institutions they regulate. In response to a congressional request, GAO reviewed the...
Federal Examinations of Financial Institutions: Issues That Need To Be Resolved
GGD-81-12: Published: Jan 6, 1981. Publicly Released: Jan 6, 1981.
Key issues were identified which the Federal Financial Institutions Examination Council (Council) must address if it is to be successful in developing uniform examination principles and standards. Examination philosophies and practices followed by five Federal regulatory agencies in examining financial institutions were described and the effects and differences of the practices noted. The five age...