Tagged: bank regulation

To bank regulator stepping down

In a surprise announcement, Comptroller of the Currency John Dugan (r.) says he will step down next month as the top U.S. bank regulator.  Appointed by President George Bush, Dugan was instrumental in shaping the “stress tests” for the largest financial institutions, but often sparred with FDIC Chairwoman Sheila Bair about consumer matters.  Former Federal Reserve […]

Regulators pressuring banks

Federal regulators reportedly  have ratcheted up significantly the number of “memorandums of understanding” probation notices sent to troubled banks this year.  The notices can force banks to shore up capital reserves or change management.  School of Law Professor Cornelius Hurley, a former counsel to the Federal Reserve Board of Governors and now director of the Morin […]

Thrift regulator under fire

With the collapse of Miami-based BankUnited on the heels of failures by IndyMac and Washington Mutual, the federal Office of Thrift Supervision is coming under increased scrutiny for failing to appropriately oversee the nation’s thifts.  School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law, says the OTS is […]