As U.S. regulators beef up standards for banks, the next crisis could emerge from the shadow banking system that is benefiting from a migration of assets, Comptroller of the Currency Thomas Curry said today in Chicago.
As paychecks for consultants hired to review faulty foreclosures threatened to exceed compensation to the homeowners harmed by the flaws, the U.S. Comptroller of the Currency says he decided to end the reviews.
U.S. regulators will ratchet up enforcement penalties if banks keep making compliance mistakes that have cost them more than $100 billion in legal bills in recent years, said Comptroller of the Currency Thomas Curry.
You don’t often see Washington regulators publicly raising alarms about banks’ accounting practices. That’s why a speech this week by the comptroller of the currency, Thomas Curry, deserves more attention.
President Barack Obama has decided to nominate Thomas Curry as comptroller of the currency and Mary Miller to serve as undersecretary of domestic finance at the Treasury Department, according to a White House statement.