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Bank Regulator Hid Settlements From Public: Report »
At the request of rule-breaking bankers, a top U.S. regulator has for years settled bank cases in secret, raising the bar on just how far regulators are willing to go to help the industry they regulate. The Federal Deposit Insurance Corp., which insures bank deposits in the U.S. and shuts down failing banks, has since 2007 repeatedly settled charges of banker wrongdoing by agreeing to "no press release" clauses that keep the settlements a secret, the Los Angeles Times reports. Source Main page (current trends)
More about: bank deposits, Bank Regulator Hid, Federal Deposit Insurance Corp.