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Stephen Calk, the former CEO of Federal Savings Bank, wanted to be former President Donald Trump’s Treasury secretary, defense secretary or a top ambassador and approved loans to Trump ally Paul Manafort with that goal in mind, prosecutors said.
July 13 -
Prosecutors have rested their case against onetime bank CEO Stephen Calk, who allegedly approved millions of dollars in loans in exchange for a potential job in the Trump administration. Federal Savings Bank employees have testified against Calk, whose lawyers have sought to shift blame to underlings
July 8 -
Stephen Calk, who is scheduled to face trial in June on bribery charges, allegedly reversed course on whether to make a multimillion-dollar loan to Trump’s campaign chairman following the then-president-elect’s surprise victory in November 2016.
March 8 -
A federal watchdog is looking into former Treasury Secretary Steven Mnuchin’s decision to roll back the U.S. Federal Reserve’s emergency lending programs at the end of 2020, an issue that has become a point of partisan tension in Congress.
February 2 -
The president’s executive action looks to assess the impact of the previous administration's alterations to the Affirmatively Furthering Fair Housing and Disparate Impact rules, while reinforcing Biden’s vow to eliminate discriminatory lending practices.
January 27 -
The Trump administration's cantankerous relationship with China has lasted the president's entire term, often shaking up the payments and financial services landscape. With a new executive order, Trump has announced bans on more than a half dozen software firms — including payment apps affiliated with Tencent and Alibaba/Ant Group.
January 5 -
Congress's enactment of the defense spending bill opposed by the White House removes the final hurdle for a key anti-money-laundering provision.
January 2 -
A Biden-appointed comptroller could refocus resources and attention to these issues and put less effort into fighting the ongoing fintech charter battle.
December 29Hogan Lovells -
In the waning days of the Trump administration, the agency issued a new legal theory of its power to let national banks evade state consumer protection laws. But some state attorneys general and consumer groups charge the federal regulator is attempting to sidestep restrictions imposed by Dodd-Frank.
December 23 -
Rosemary Vrablic, who worked in the private banking division, helped manage Trump’s relationship with the bank as it lent hundreds of millions of dollars of loans to Trump’s company over a number of years.
December 22