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When one regulator enforces another agency’s regulation
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Banking
Wednesday, September 16, 2015
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For the second time in the span of a month, the Federal Deposit Insurance Corp. (FDIC) has handed down an enforcement action to one of its institutions. But rather than enforcing one of its own statutes, the FDIC handed down a penalty for violation of a Federal Trade Commission statute. How can one regulator enforce another agency’s statute? Read on for all the details.
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