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The Division of Banks (DOB) is the chartering authority and primary regulator for financial service providers in Massachusetts.
Bankers Trust Mission: Reasonable Profit, Ethically Earned. Bankers Trust Vision: To be one of the top performing independent banks in the country.
The Division of Banks (DOB) regulates Massachusetts state-chartered banks and credit unions.
The Federal Credit Union Act authorizes the NCUA Board to oversee America's credit union system and administer and manage the National Credit Union Share Insurance Fund. The NCUA also has statutory responsibility for supervising compliance with and enforcing laws and regulations that protect all credit union members.
On June 4, 1999, Deutsche Bank merged its Bankers Trust and Deutsche Morgan Grenfell to became Deutsche Asset Management (DAM) with Robert Smith as the CEO.
The NCUA works to protect credit union members and consumers, raise awareness of potential frauds, facilitate access to affordable financial services, and educate consumers on the importance of savings and how they can improve their financial well-being.
Supervision and regulation Federally chartered credit unions are regulated by the National Credit Union Administration, while state-chartered credit unions are regulated at the state level. The Fed is one of several banking regulatory agencies at the federal level.
The National Credit Union Administration charters and supervises federal credit unions, and insures savings in federal and most state-chartered credit unions.