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Expert Analysis

Dusting Off FIRREA: Old Statute Is Now Potent Weapon

Law360, New York (February 12, 2015, 10:52 AM EST) -- A long-dormant law can become an unexpectedly potent weapon in the hands of an assertive prosecutor. And in recent years, few statutes have undergone a rebirth more dramatic — and for some, more troubling — than the civil penalties provision of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. 12 U.S.C. § 1833a....

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