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OCC frees Flagstar Bank FSB from consent order

The OCC terminated its consent order against Troy, Mich.-based Flagstar Bank FSB on Dec. 19. The order was issued in October 2012.

In a Dec. 20 news release, the Flagstar Bancorp Inc. unit said it implemented and adopted industry best practices related to, among other things, regulatory compliance, enterprise risk management, capital and liquidity in response to the consent order.