Sterling secures Fed approval to buy Astoria
The Fed's order noted that Sterling had clarified errors in its CRA data before receiving a "satisfactory" rating from the OCC. ... Read full article
The Fed's order noted that Sterling had clarified errors in its CRA data before receiving a "satisfactory" rating from the OCC. ... Read full article
Acting Comptroller of the Currency Keith Noreika is questioning the sincerity of recent steps by the FDIC to encourage de novo applications. ... Read full article
Many financial institutions have activated their emergency centers, closed branches and stocked ATMs in advance of landfall. ... Read full article
Acting Comptroller of the Currency Keith Noreika is using his short time in office to open a debate about the separation of banking and commerce, which he says is anti-competitive, stifles diversification and may limit regulators' options in times of ... Read full article
The Office of the Comptroller of the Currency issued a proposal Wednesday that would raise the appraisal threshold for CRE loans to $400,000 from $250,000. ... Read full article
In anticipation of future changes, bank regulators will allow all but the largest banks to avoid a planned phase-in of 2013 capital rules. ... Read full article
The Office of the Comptroller of the Currency is seeking to scrap a challenge to its fintech charter by New York’s bank regulator. ... Read full article
A handful of state regulators are discussing ways to create a single regulatory structure for fintech companies that are seeking regional or national business. ... Read full article
In the midst of a public feud between federal regulators on the right process for chartering new banks, Federal Financial Analytics argues that regulators should instead focus on loosening capital standards for new industry entrants. ... Read full article
While acting Comptroller of the Currency Keith Noreika's criticism that the FDIC is hampering the creation of new banks may have had merit in the past, the agency has fixed many problems. ... Read full article
Wells Fargo's regulators are looking into another issue involving insurance linked to auto loans as scrutiny of a key lending unit widens, according to people with knowledge of the matter. ... Read full article
After repeated attacks from acting Comptroller of the Currency Keith Noreika, the Federal Deposit Insurance Corp. defended its role in greenlighting prospective bank applicants. ... Read full article
The OCC's move to solicit feedback on rolling back the Volcker Rule was only the first step in a long process, yet observers say it shows how fractured the five agencies tasked with implementing the proprietary trading ban have become. ... Read full article
In their biannual Shared National Credits Program report, regulators said that banks' exposure to leveraged loans and the oil and gas sector remained a source of concern. ... Read full article
The ranks of mutually owned banks are in decline. Survivors say sharper marketing, better access to capital and lower barriers to entry could stop the bleeding. ... Read full article
The Office of the Comptroller of the Currency on Wednesday announced a request for public feedback on the Volcker Rule. ... Read full article
The regulatory agency is expected to start asking for public feedback on changing the rule on proprietary trading by banks; bitcoin offshoot is worth about a tenth of the original. ... Read full article
Democrats on the House and Senate banking committees are urging Republicans to hold hearings with Wells Fargo's top executives over its phony-accounts and force-placed insurance scandals. ... Read full article
A week after acting Comptroller of the Currency Keith Noreika announced his support for the fintech charter, his agency argued in a court filing that its fate was too uncertain to be challenged in court. ... Read full article
Acting Comptroller of the Currency Keith Noreika said Monday that he would not interfere with the Consumer Financial Protection Bureau's rule banning mandatory arbitration after missing a key deadline to appeal the regulation. ... Read full article