MIDDLE ATLANTIC
The Federal Home Loan Bank of New York said Derek Bryson Park has been
He was named by the Federal Housing Finance Board, the bank's regulator.
Mr. Park is a senior vice president at Cohane Rafferty Securities in
President Donald Trump's executive order severely limiting the Treasury's Community Development Financial Institution Fund has thrown the industry into confusion as financial companies try to quantify the damage.
The San Francisco bank announced Monday that it has shed its fifth regulatory order this year — this one related to loss mitigation practices in its home lending business.
President Trump's selection of Federal Reserve Gov. Michelle Bowman as the next vice chair for supervision comes as banking groups and their allies in Congress asked the administration to fill the position quickly. Bowman was the preferred choice for many in the industry.
The card network said it saved would-be victims $350 million in the first year after it combined several crime-fighting units.
Amid troubling news of tariffs and layoffs, dropping delinquencies offer a rare sign of consumer health.
London-based OakNorth has amassed a sizable U.S. loan portfolio and had been seeking a U.S. charter to simplify its funding model.
