WASHINGTON -- The Office of Thrift Supervision said last week that a federal appeals court has upheld its authority to impose new capital standards on Far West Federal Bank of Portland, Ore.

The U.S. Circuit Court of Appeals for the Ninth Circuit ruled that the regulatory capital provisions of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 supersede capital forbearance agreements forged between thrifts and regulators before the act passed.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.