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Appeals Court Backs OTS Stock Rule
Published July 9, 2009, 8:47 am, Financial Planning.com
The U.S. Court of Appeals for the D.C. Circuit ruled this week that the Office of Thrift Supervision was justified in issuing a rule that lets newly converted thrifts tighten the limit on the amount of stock one person can own.
Banking and Financial
Published July 9, 2009, 7:22 am, Mondaq
On June 30, 2009, several agencies released for comment proposed guidance to communicate consistent expectations on sound practices for the management of funding and liquidity risks.
Roma Bank welcomes new member to board
Published July 8, 2009, 9:12 pm, The Times of Trenton
ROBBINSVILLE -- Robert C. Albanese has been elected to the board of Roma Bank, which is headquartered here. The vacancy was created by the retirement of Rudolph A. Palombi Sr., a longtime board member and former Roma president and CEO. Palombi will now hold the title of director emeritus.
Questions/Answers
Published July 8, 2009, 4:57 pm, Inland Valley Daily Bulletin
Questions and answers on Daily Bulletin stories from readers like you. OTS. Ever heard of it? John Fessler hadn't.
Max Fraad Wolff: Why So Sad?
Published July 8, 2009, 12:42 pm, The Huffington Post
Perhaps our economy is part of the reason millions are interesting in grieving.
Suspected Mortgage Fraud Pushes SAR Filings Up 13 Percent
Published July 8, 2009, 4:47 am, Financial Planning.com
An increase in suspected mortgage fraud at banks and thrifts helped push suspicious activity report filings by financial institutions to a record last year, the Financial Crimes Enforcement Network said Tuesday.
Local savings and loans had OTS as regulator
Published July 7, 2009, 6:04 pm, Inland Valley Daily Bulletin
OTS. Ever heard of it? John Fessler hadn't. Now, after losing a small fortune in the collapse of Pasadena-based Indymac, the Chino Hills attorney has a better idea of what the Office of Thrift Supervision is and what it is supposed to do.
OTS Rule to Limit Mutual Holding Company Unit Takeovers Upheld
Published July 7, 2009, 10:07 am, Bloomberg
July 7 (Bloomberg) -- The Office of Thrift Supervision acted reasonably in allowing subsidiaries of mutual holding companies to limit minority shareholders to 10 percent of the unit’s total minority stock, an appeals court ruled.
U.S. tightens reins on Union Federal
Published July 7, 2009, 9:40 am, Providence Business News
NORTH PROVIDENCE – Federal regulators have slapped a series of tough restrictions on Union Federal Savings Bank in response to a big increase in the number of student loans on the bank’s balance sheet caused by the credit crunch.
Feds tell bank: no more student loans
Published July 7, 2009, 5:21 am, FOX Providence
A Rhode Island bank has been ordered by federal regulators to stop making student loans.
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