FIRREA: A Renewed And Formidable Enforcement Weapon

Law360, New York ( August 22, 2013, 9:25 PM EDT) -- In the wake of the savings and loan crisis of the 1980s, Congress passed the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA). [1] Upon its enactment, FIRREA dramatically impacted the banking industry and the functions and powers of federal banking regulators, but it was rarely used for civil fraud enforcement. . . .

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