Who regulates banks in Georgia?

Who regulates banks in Georgia?

the Department of Banking and Finance
In Georgia, the Department of Banking and Finance is responsible for regulating banks, credit unions, and trust companies. In 2015, a total of 61,924 financial crimes were reported in Georgia according to the Financial Crimes Enforcement Network (FINCEN), an agency of the United States Department of Treasury.

What is the role of Georgia’s state agencies?

The executive branch is the largest of Georgia’s three branches of state government. They lead agencies responsible for enforcing state laws and carrying out programs like education, elections, and law enforcement.

Who regulates banks state or federal?

the Office of the Comptroller of the Currency
National banks and federal savings associations are chartered and regulated by the Office of the Comptroller of the Currency.

Who are the main bank regulators?

At the federal level, there are five financial industry regulators: Comptroller of the Currency (OCC) Federal Deposit Insurance Corporation (FDIC) Federal Reserve System (FRS)

What types of regulations were put on banks after the Great Depression?

Determined to prevent these events from occurring again, Depression-era politicians passed the Glass-Steagall Act, which essentially prohibited the mixing of banking, securities, and insurance businesses. Together these two acts of banking reform provided long-term stability to the banking industry.

What is the largest source of revenue for the state of Georgia?

Income taxes are the cornerstone of Georgia’s revenue system, accounting for more than half of all state funds. Sales taxes are the second largest revenue source, representing a quarter of annual collections. A fair and reliable revenue system requires both types of taxes.

Who regulates Discoverbank?

Delaware State Bank Commissioner
Discover Bank is a wholly owned direct subsidiary of Discover Financial Services. The Bank is regulated by the Delaware State Bank Commissioner and the FDIC, which insures deposits up to applicable limits and serves as the Bank’s primary federal regulator.

Who is responsible for healthcare facility regulation in Georgia?

Healthcare Facility Regulation (HFR), a division of the Department of Community Health (DCH), is responsible for health care planning, licensing, certification and oversight of various health care facilities and services in Georgia. The division was created in 2009 as a result of the passage of two laws, HB 228 (2009) and SB 433 (2008).

Who is the Department of banking and Finance in Georgia?

The Georgia Department of Banking and Finance maintains working relationships with other national and state regulatory agencies. In addition, the Department works closely with the various financial institutions’ trade and industry organizations to facilitate the legislative and regulatory process.

Where can I Find my state’s bank regulator?

Address: Uniform Consumer Credit Code, 1525 Sherman St., 5th Fl. Denver CO 80203 Complaint Instructions . Address: Market Square Plaza, 17 N.

What is the Office of facility licensure in Georgia?

The division is composed of the following: Office of Facility Licensure – Manages licensing, certification and oversight for more than 20,000 health care facilities and services. Looking ahead, HFR will continue to streamline business processes to improve timeliness of complaint investigations and to provide courteous and effective surveys.

Who is responsible for regulating financial institutions in Georgia?

We share regulatory responsibility for Georgia state-chartered financial institutions with our federal counterparts (FDIC, FRB, NCUA).

What is the Office of the Attorney General in Georgia?

Office of Attorney General – The attorney general’s office plays an important role in protecting the state’s citizens. Georgia Secretary of State – offers information on elections, businesses, licensing, and securities.

Who are the banks that are not regulated in Georgia?

Specifically, the Department regulates the following types of financial institutions and financial service providers doing business in this State. The Department does not regulate national banks (examples: Bank of America, Wells Fargo, Chase, Citibank, PNC) or federal credit unions, whether operating in Georgia or elsewhere.

Who is responsible for regulating merchant acquirer limited purpose banks in Georgia?

The Department also has responsibility for the supervision, regulation, and examination of Merchant Acquirer Limited Purpose Banks (MALPBs) chartered in Georgia.