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    • CONSUMER FINANCIAL PROTECTION BUREAU—D. Ore.: CFPB funding withholding decision vacated; ‘profits’ reading of funding statute rejected
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    • FINANCIAL STABILITY—FDIC directive flags ‘severely undercapitalized’ Old Glory with restrictions, requirements
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    Banking and Finance Law Daily Wrap Up, FINANCIAL STABILITY—FDIC directive flags ‘severely undercapitalized’ Old Glory with restrictions, requirements, (Sep 28, 2026)

    By Jeff Williams

    The directive remains enforceable until Old Glory maintains adequate capitalization on average for four consecutive quarters.

    The Federal Deposit Insurance Corporation has issued a supervisory prompt corrective action directive to Old Glory Bank that ...

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