September 25, 2017
Getting CAMELS Past Regulators
Bloomberg BNA Banking Daily quoted me in Court Asked to Second-Guess Bank Capital, Earnings, Risk Ratings (behind a paywall). It reads, in part, A now-shuttered Chicago bank is taking on the proverbial giant in a fight to give banks the right to … Continue reading
September 25, 2017 in FDIC | Permalink | No Comments
May 11, 2016
Consumer Protection’s Holy Grail
The Federal Financial Institutions Examination Council (FFIEC) has issued a notice and request for comment regarding the Uniform Interagency Consumer Compliance Rating System (the CC Rating System). The FFIEC’s six members represent the Federal Reserve Board, Federal Deposit Insurance Corporation, National Credit … Continue reading
May 11, 2016 in FDIC | Permalink | No Comments
September 21, 2015
Monday’s Adjudication Roundup
NY bankruptcy judge dismissed suit against DLA Piper for misappropriation of over $36 million in payments to cover mortgage-backed securities. The judge cited NY law that “prevents wrongdoers and their successors from pursuing claims that arise out of their own … Continue reading
September 21, 2015 in FDIC | Permalink | No Comments
September 14, 2015
Monday’s Adjudication Roundup
Bank of America, Wells Fargo & Citigroup cannot escape the City of Miami’s discriminatory lending suit, which caused a loss in city tax revenue. Texas federal judge sanctions the US Environmental Protection Agency for failure to turn over documents that … Continue reading
September 14, 2015 in FDIC | Permalink | No Comments
September 12, 2015
Banks Should Know Their Investment Risks
The latest issue of the Federal Deposit Insurance Corporation’s Supervisory Insights (Devoted to Advancing the Practice of Bank Supervision) has an esoteric, but important article on Bank Investment in Securitizations: The New Regulatory Landscape in Brief (starting on page 13). … Continue reading
September 12, 2015 in FDIC | Permalink | No Comments
September 9, 2015
Better to Be a Banker or a Non-Banker?
The Community Home Lenders Association (CHLA) has prepared an interesting chart, Comparison of Consumer and Financial Regulation of Non-bank Mortgage Lenders vs. Banks. The CHLA is a trade association that represents non-bank lenders, so the chart has to be read in … Continue reading
September 9, 2015 in FDIC | Permalink | No Comments
August 24, 2015
Monday’s Adjudication Roundup
Building investors sue Waterbridge Capital LLC for $10 million for allegedly selling units and pocketing profits, refusing to pay back its investors. Hurricane Sandy $25 million contract-insurance suit is dismissed against one of the defendants, Arch Insurance Group and its … Continue reading
August 24, 2015 in FDIC | Permalink | No Comments
