Probably not, but they are still open nominally, and that would explain the FDIC Archived Message
Posted by Chicago1995 on March 2, 2017, 19:51:55, in reply to "You really think the CFPB wants to tango with a Dow company right now?*"
It would be odd timing in this political climate, unless CAT was doing something so egregious that politics became irrelevant. Not sure if such a thing exists in this world. Previous Message Previous Message Unrelated or partially related to the Tax and Customs stuff. CFPB would be involved in the lending and marketing that Cat Financial would do. Then again, Cat Financial's HQ is in Nashville. Wonder if there have been any visitors there today? Previous Message And it's never without intent and a well-vetted conclusion. That's what makes this so curious to me - the number of nonfinancial corporations that own banks has been shrunk for decades, but there are some large ones still out there. Previous Message Seems like its got to be some tax avoidance/reporting thing, at least in part. Maybe this? http://www.chicagotribune.com/business/ct-caterpillar-investigation-0219-biz-20150218-story.html There's lots of ways this could go. None of those agencies raid offices all that regularly without good reason. Previous Message As a current federal financial regulator, I'm inordinately interested in the FDICs role. I'm wondering about Bank Secrecy Act/Anti Money Laundering type issues beyond the deposit insurance purview? Will be interesting to follow. Previous Message I'm sure the credit union is, but it would be kind of weird (in my totally uninformed opinion) if it was involved in an investigation like this. Figured the consumer finance arm was more likely to be rolled up in this somehow. Previous Message I thought that they were just a finance company? CEFCU on the other hand.... Previous Message Previous Message Previous Message
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Message Thread:
- LOL CAT - tacoshooter March 2, 2017, 10:31:25
- Didn't give advance notice to local law enforcement. - dramaqueen87 March 2, 2017, 17:46:41
- 4 percent drop in the stock price in the past hour or so* - Threeball March 2, 2017, 11:13:31
- Sell, Sell.... turn the machines back on* - Threeball March 2, 2017, 11:05:12
- Huh? I want to LOL, but huh? * - IlliniHimey March 2, 2017, 10:40:33
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