A curated set of terms you may not know and therefore want the definition of. Curated in the sense that I picked some I felt like writing about. Definition in the sense of, you may end up wanting to Google anyway. Also, I make no promises that I haven’t copied from something I said in the text. Or not.
Enforcement Action: When a regulatory gives a bank a financial penalty or sends a miscreant to jail. The former is far more common than the latter. You have to really p@#$ off the government by doing so publicly offensive to get jail. Bernie Madoff, Jeff Skilling, and Martha Stewart are examples of that kind of behavior. If you’re going to steal money, try not to have a media presence before or after.
MRA, Matter Requiring Attention: The ...
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