Financial Institutions Reform, Recovery, and Enforcement Act
GPTKB entity
Properties (53)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:United_States_federal_law
|
| gptkbp:addressed |
Fraud in savings and loan associations
Insolvency of savings and loan institutions Regulatory failures in the thrift industry |
| gptkbp:amends |
Federal_Deposit_Insurance_Corporation_Improvement_Act
|
| gptkbp:createdBy |
gptkb:Office_of_Thrift_Supervision
Thrift institution regulatory framework |
| gptkbp:developsStrategiesFor |
Thrift capital adequacy
Thrift operations |
| gptkbp:effectiveDate |
August 9, 1989
|
| gptkbp:enactedBy |
gptkb:United_States_Congress
gptkb:Dodd-Frank_Wall_Street_Reform_and_Consumer_Protection_Act |
| gptkbp:established |
Framework for thrift supervision
Regulatory framework for thrift mergers Federal_Home_Loan_Bank_System_reforms National_Thrift_Charter Resolution_Trust_Corporation Thrift_Depositor_Protection_Oversight_Board |
| gptkbp:goal |
To restore public confidence in the savings and loan industry
|
| https://www.w3.org/2000/01/rdf-schema#label |
Financial Institutions Reform, Recovery, and Enforcement Act
|
| gptkbp:impact |
Strengthened regulation of savings and loan associations
|
| gptkbp:includesProvisionsFor |
Consumer protection in financial services
|
| gptkbp:influenced |
Banking industry practices
Future banking legislation Future financial crises management. Real estate lending practices Subsequent financial regulations Thrift industry restructuring |
| gptkbp:influencedBy |
Financial_Institutions_Regulatory_and_Interest_Rate_Control_Act_of_1978
|
| gptkbp:introduced |
gptkb:House_of_Representatives
|
| gptkbp:ledTo |
Consolidation of the savings and loan industry
Creation of new regulatory bodies Increased federal involvement in thrift regulation Increased taxpayer liability for thrift failures |
| gptkbp:lengthOverall |
Savings and loan associations
|
| gptkbp:provides |
Asset management of failed thrifts
Management of failed thrift assets Resolution_Trust_Corporation |
| gptkbp:purpose |
To address the savings and loan crisis
|
| gptkbp:relatedTo |
Savings and Loan Crisis
|
| gptkbp:requires |
Disclosure of financial condition of thrifts
Regular audits of thrift institutions Stricter capital requirements for thrifts |
| gptkbp:resultedIn |
Closure of numerous failing thrifts
|
| gptkbp:setting |
Risky investments by thrifts
|
| gptkbp:signature |
President_George_H.W._Bush
|
| gptkbp:title |
Public Law 101-73
|
| gptkbp:updates |
Consumer confidence in savings and loans
Deposit insurance limits Public scrutiny of thrift operations Transparency in thrift operations Regulatory_authority_of_the_FDIC |
| gptkbp:yearEstablished |
1989
|