12 C.F.R. § 313.4 Delegations of authority.
Title 12 - Banks and Banking
Authority to conduct the following activities is delegated to the Director of DOA or Director of DOF, as applicable, or the applicable Director's delegate, to: (a) Initiate and carry out the debt collection process on behalf of the FDIC, in accordance with the FCCS; (b) Accept or reject compromise offers and suspend or terminate collection actions to the full extent of the FDIC's legal authority under 12 U.S.C. 1819(a) and 1820(a), 31 U.S.C. 3711(a)(2), and any other applicable statute or regulation, provided, however, that no such claim shall be compromised or collection action terminated, except upon the concurrence of the FDIC General Counsel or his or her designee; (c) Report to consumer reporting agencies certain data pertaining to delinquent debts, where appropriate; (d) Use administrative offset procedures, including salary offset, to collect debts; and (e) Take any other action necessary to promptly and effectively collect debts owed to the United States in accordance with the policies contained herein and as otherwise provided by law.
Title 12: Banks and Banking
PART 313—PROCEDURES FOR CORPORATE DEBT COLLECTION
Subpart A—Scope, Purpose, Definitions and Delegations of Authority
§ 313.4 Delegations of authority.
