oversight News

Texas Bus Inspections Get Lax Oversight Despite Crashes

Months after their state-certified vehicle inspection station was cited by federal authorities for failing to notice defects in a bus that crashed in North Texas, killing 17 passengers, brothers Alam and Cesar Hernandez shuttered their firm. But that didn’t mean …

Texas Regulators Move to Take Over Windstorm Insurance Association

The Texas Department of Insurance has informed the director of the state’s property insurance company of last resort for wind in the state’s coastal counties that it is placing the organization under TDI’s administrative oversight. In a Feb. 28, 2011, …

U.S. Lays Out Factors to Designate Risky Firms

U.S. regulators proposed using six different factors Tuesday to help them gauge when a non-bank financial firm poses risks to the system and merits additional oversight. The Financial Stability Oversight Council agreed in a unanimous vote to open a 30-day …