Legislation enacted in 1989 to reform, recover, and enforce regulations within the financial institutions sector, including the dissolution of the FSLIC.
The Office of Thrift Supervision (OTS) was a regulatory agency that supervised and regulated thrift institutions in the United States. Created by FIRREA, the OTS was later integrated into other regulatory bodies.
A comprehensive federal law passed in 1989 aimed at restructuring the regulatory and deposit insurance landscape for savings and loan associations and implementing reforms to address and prevent failures and nonperforming loans.
An in-depth look at the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA), covering its purpose, history, provisions, and impact on the financial industry.
