ANZ Guam, Inc. (ANZ) is a wholly-owned subsidiary of Australia and New Zealand Banking Group, Ltd. ("ANZBGL"). ANZ is a locally-chartered bank under the laws of the Territory of Guam. ANZ is a member of, is regulated by, and its deposits are insured by, the United States Federal Deposit Insurance Corporation.
The Australian Prudential Standards require disclosure of the fact that ANZ (which is licensed to do business in Guam), is not an authorized deposit-taking institution under the laws of Australia. The obligations of ANZ do not represent deposits or other liabilities of ANZBGL, nor does ANZBGL guarantee the obligations of ANZ.
Truth-in-Savings Act (TISA)
Notice of availability of account disclosure statements. Under the Truth-In-Savings Act, you are entitled to receive disclosures containing important information about interest rates, account fees and other provisions of an account. You may request that we send a disclosure statement by calling us at +1 671 479 9000, or by writing to us as follows: ANZ Guam, Inc., P.O. Box EQ Hagatna, Guam 96932.
ANZ Guam, Inc. is a member of the FDIC. Lending is subject to ANZ’s normal credit approval and lending criteria.
Truth in Lending Act (TILA)
The Truth in Lending Act (TILA) of 1968 is a United States federal law designed to protect consumers in credit transactions by requiring clear disclosure of key terms of the lending arrangement and all costs. Most of the specific requirements imposed by TILA are found in Regulation Z, so a reference to the requirements of TILA usually refers to the requirements contained in Regulation Z as well as the statute itself.
The purpose of TILA is to promote the informed use of consumer credit by requiring disclosures about its terms, cost to standardize the manner in which costs associated with borrowing are calculated and disclosed. TILA also gives consumers the right to cancel certain credit transactions that involve a lien on a consumer's principal dwelling, regulates certain credit card practices, and provides a means for fair and timely resolution of credit billing disputes. With the exception of certain high-cost mortgage loans, TILA does not regulate the charges that may be imposed for consumer credit. Rather, it requires uniform or standardized disclosure of costs and charges so that consumers can shop. It also imposes limitations on home equity plans that are subject to the requirements of Sec. 226.5b and certain higher-cost mortgages that are subject to the requirements of Sec. 226.32. The regulation prohibits certain acts or practices in connection with credit secured by a consumer's principle dwelling.
ECOA (Equal Credit Opportunity Act)
The Equal Credit Opportunity Act (ECOA), 15 U.S.C. 1691 et seq., prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age, or because an applicant receives income from a public assistance program or exercises rights protected under the Consumer Credit Protection Act. The Board of Governors of the Federal Reserve System has issued regulations under ECOA. These regulations, known as Regulation B, provide the substantive and procedural framework for fair lending enforcement under ECOA.
U.S.A. Patriot Act
The USA PATRIOT Act, commonly known as the PATRIOT Act, is an Act of Congress that U.S. President George Walker Bush signed into law on October 26, 2001. The acronym stands for "Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001" (Public Law Pub.L. 107-56).
The Act increases the ability of law enforcement agencies to search telephone, e-mail communications, medical, financial and other records; eases restrictions on foreign intelligence gathering within the United States; expands the Secretary of the Treasury’s authority to regulate financial transactions, particularly those involving foreign individuals and entities; and enhances the discretion of law enforcement and immigration authorities in detaining and deporting immigrants suspected of terrorism-related acts. The act also expands the definition of terrorism to include domestic terrorism, thus enlarging the number of activities to which the USA PATRIOT Act’s expanded law enforcement powers can be applied.
Notice of changes in temporary FDIC Insurance Coverage for transaction accounts
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.
The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”).It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.
For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit www.fdic.gov.
Protecting children's privacy online
Our website is directed to a general audience. We do not knowingly collect information from children under 13 without parental consent. If you are under 13, please do not enter your personal information. For more information about the Children's Online Privacy Protection Act (COPPA), visit Federal Trade Commission website.