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When Is Supervisory Guidance By Banking Regulators Not A Rule To Live By? When There Is A Rule That Says So.

On September 11, 2018, an interagency statement was issued by the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corp., the National Credit Union...more

Alleged SCRA and MLA Violations Lead To Lender Being Assessed A $85 Million Dollar Penalty Under OCC Consent Order

A national lender, USAA Federal Savings Bank, entered into a consent order with the Office of the Controller of the Currency (“OCC”), which included an $85 million dollar civil money penalty for alleged "unsafe or unsound"...more

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