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Orrick, Herrington & Sutcliffe LLP

FDIC OIG reports on readiness to resolve large regional banks

Orrick, Herrington & Sutcliffe LLP on

Recently, the FDIC Office of Inspector General released a report entitled, “FDIC Readiness to Resolve Large Regional Banks,” which evaluated the FDIC’s preparedness to resolve large regional bank failures under the Federal...more

Orrick, Herrington & Sutcliffe LLP

Banking OIG reports CFPB’s oversight transition process is lacking

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On December 2, the OIG for the Fed and the CFPB published a report criticizing the CFPB’s Office of Supervision Examinations’ process of onboarding depository institutions that transition to its oversight. The report...more

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