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Live Webinar

90-minute live streaming program
  • January 30
  • 1:00 - 2:30 pm EST

FDIC Insurance Update

January 30

Gain insight into the unique receivership and related powers enjoyed by the FDIC.

Depositors, borrowers, businesses and banks all need to be aware of the complex rules of the FDIC for determining deposit insurance coverage as well as the powers that the FDIC asserts when it takes control of a failed financial institution. Directors and officers of failed financial institutions also need to be very aware of potential enforcement actions by the FDIC or other federal bank regulatory agencies. The FDIC has established a high level of professionalism associated with and handling failed insured depository institutions, but there are clear differences in the powers available to the FDIC in the event of a bank failure as compared to a bankruptcy trustee in the event of a corporate failure. This program will explain the unique receivership and related powers enjoyed by the FDIC, and will also comment on the receivership process in the fintech sector and the issues that may be presented depending on the charter being used.

Learning Objectives

  • You will be able to define FDIC.
  • You will be able to identify receivership/resolution issues with fintech entities.
  • You will be able to discuss FDIC Brokered Deposit Rule Revision.
  • You will be able to review the claims process.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

FDIC: What It Is, What It Is Not
  • Distressed and Failed Financial Institutions: FDIC Transactions, Receiverships, Whole Bank Purchase and Assumption Agreements, Insured Deposit Only Purchase and Assumption Agreements, and Pay Outs
  • Deposit Insurance Determinations: Maximize Deposit Insurance and Other Options, Including Repurchase Agreements
  • Claims Process
  • Qualified Financial Contracts, Set-Offs and Netting, and Counterparty Risk
  • Super Powers
  • Contracting Opportunities
Recent Events
  • FDIC Brokered Deposit Rule Revision
  • Living Will Provisions Involved With the Potential Failure of a Large Insured Depository Institution
  • Receivership/Resolution Issues With Fintech Entities
  • Director and Officer Enforcement/Litigation
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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • AL CLE 1.5
     
  • This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.5 hours credit.
     
  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.5
     
  • The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, Inc. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • CT CLE 1.5
     
  • Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.5 CLE credit(s).
     
  • HI CLE 1.5
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
     
  • IL CLE 1.5
     
  • This course was approved for a total of 1.5 hours of MCLE Credit by the Illinois MCLE Board.
     
  • ME CLE 1.5
     
  • This course has been approved by the State of Maine Board of Overseers of the Bar. Lawyers who complete this course shall receive 1.5 hours of CLE credit under M. Bar R. 12.
     
  • MT CLE 1.5
     
  • This program has been approved by the Montana Commission of Continuing Legal Education for a total of 1.5 CLE credits.
     
  • NH MCLE 1.5
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 90 Minutes.
     
  • NJ CLE 1.8
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.8 hours of total CLE credit.
     
  • NV CLE 1.5
     
  • This program has been approved by the Nevada Board of Continuing Legal Education for 1.5 CLE hours.
     
  • NY CLE 1.5 including Areas of Professional Practice 1.5
     
  • This course has been approved in accordance with the requirements of the New York Continuing Legal Education Board for up to a maximum of 1.5 credit hours in the area(s) of Areas of Professional Practice for 1.50 hours. Each hour may be counted only as satisfying one category of credit. Duplicate credit for the same hour of instruction is not permitted. This course qualifies for both established and newly admitted attorneys. Lorman Business Center, Inc. has a financial hardship guideline. Please contact customer service at 1.866.352.9539 for instructions on how to apply.
     
  • PA CLE 1.5
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
     
  • RI CLE 1.5
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.5 hours of CLE credit.
     
  • TN CLE 1.5
     
  • This program has been approved as a distance learning format by the Tennessee Commission on Continuing Legal Education for a maximum of 1.5 hours of credit.
     
  • VT CLE 1.5
     
  • This program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hours of CLE credit.
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of Law & Legal Procedure credit.
     
  • WI CLE 1.5
     
  • This program has been approved by the Board of Bar Examiners for 1.5 hours for use toward the Wisconsin Mandatory CLE requirement.
     
  • WV MCLE 1.8
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 1.8 MCLE hours.
     
  • CPE 1.8 including Specialized Knowledge 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 1.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Specialized Knowledge and Applications for 1.5 hours.
     

Who should attend?

This live webinar is designed for attorneys, presidents, vice presidents, loan officers, loan department personnel, branch managers, credit and collections managers, real estate professionals, underwriters, accountants and compliance professionals.

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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Frank A. Mayer, III

Frank A. Mayer, III

Stevens & Lee

  • Has more than 30 years of banking law experience, chairs his firm’s financial services regulatory enforcement practice
  • Clients include some of the largest financial services firms throughout the world and he regularly defends insured depository institutions, related affiliates, officers and directors, foreign banking organizations, branches and agencies from United States government enforcement actions
  • Was a senior attorney at FDIC and while with the Resolution Trust Corporation in more senior positions, he advised policy makers and officials in the liquidation divisions in connection with closing financial institutions as well providing legal advice and holding requisite delegated authority to dispose of some of the agencies’ most complex assets and liabilities
  • As the legal representative to the RTC settlement work out team, he held co-delegated authority of $100,000,000.00
  • Frequently sought by the media to offer insights into bank regulatory issues and he has chaired the ABA Bano Agency Comment Committee and is the current chair of the ABA Banking Law Committee task force concerning the bank examination privilege
Timothy R. McTaggart

Timothy R. McTaggart

McTaggart Law Office

  • Nationally known lawyer based in Washington, D.C. who focuses his practice on bank and financial services regulatory processes and related corporate matters
  • Served as the Delaware Bank Commissioner and as counsel to the U.S. Senate Banking Committee
  • Graduate of Harvard Law School and Harvard College (economics)
  • Represented bank boards, bank board committees, bank directors and bank officers in actual or threatened enforcement actions by the FDIC and the other federal regulatory agencies, as well as by certain state agencies plus by the CFPB
  • Invited and guest lectured at the FDIC and other bank regulatory agencies on banking/financial services topics
  • Currently has his own law firm, McTaggart Law Office, www.mctaggartlegal.com and previously was a partner in several major American law firms with a specialization in financial institution issues
  • Testified before congress on banking/financial services issues and has been recognized for various pro bono and other community efforts involving cultural, social justice, and educational organizations
  • Recognized for its contributions to bar association activities, speaking efforts and written commentary over the course of his career
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 407232
Published 2020
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