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Lending institutions (21 - 26 of 26 items)
Credit Cards: Increased Complexity in Rates and Fees Heightens Need for More Effective Disclosures to Consumers
GAO-06-929: Published: Sep 12, 2006. Publicly Released: Oct 11, 2006.
With credit card penalty rates and fees now common, the Federal Reserve has begun efforts to revise disclosures to better inform consumers of these costs. Questions have also been raised about the relationship among penalty charges, consumer bankruptcies, and issuer profits. GAO examined (1) how card fees and other practices have evolved and how cardholders have been affected, (2) how effectively...
OCC Preemption Rules: OCC Should Further Clarify the Applicability of State Consumer Protection Laws to National Banks
GAO-06-387: Published: Apr 28, 2006. Publicly Released: May 30, 2006.
In January 2004, the Office of the Comptroller of the Currency (OCC)--the federal supervisor of federally chartered or "national" banks--issued two final rules referred to jointly as the preemption rules. The "bank activities" rule addressed the applicability of state laws to national banking activities, while the "visitorial powers" rule set forth OCC's view of its authority to inspect, examine,...
Small Business Administration: Few Reviews of Guaranteed Lenders Have Been Conducted
GGD-98-85: Published: Jun 11, 1998. Publicly Released: Jun 25, 1998.
Pursuant to a congressional request, GAO reviewed: (1) how the Small Business Administration (SBA) conducts on-site reviews to monitor participating lenders' compliance with its 7(a) loan program policies and procedures; and (2) what actions SBA is taking to comply with the preferred lender oversight provisions of the Small Business Programs Improvement Act of 1996 (SBPIA).GAO noted that: (1) prio...
Small Business Administration: Inadequate Oversight of Capital Management Services, Inc.--an SSBIC
OSI-94-23: Published: Mar 21, 1994. Publicly Released: Mar 21, 1994.
Pursuant to a congressional request, GAO reviewed the operations of a Small Business Administration (SBA) licensee, focusing on: (1) SBA regulation and oversight of the licensee's operations; (2) the licensee's compliance with SBA regulations in determining the eligibility of the firms it financed and whether its operations were business-like; and (3) the financing provided to an individual and tw...
Small Business Administration's Refusal To Purchase a Guaranteed Loan
B-181432: Published: Jul 7, 1978. Publicly Released: Jan 3, 1984.
No summary is currently available...
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...