S&P Global Market Intelligence rounds up a selection of recent legal and regulatory developments in the bank space.
Regulators propose excluding certain community banks from Volcker rule
Five federal regulatory agencies have made a proposal that would exclude certain community banks from the restrictions of the Volcker rule.
Currency comptroller terminates consent order against US Bancorp
The Office of the Comptroller of the Currency terminated its 2015 consent order against Minneapolis-based U.S. Bancorp, related to the company's Anti-Money Laundering and Bank Secrecy Act program and controls.
Failed Okla. bank's former CEO ordered to pay $137M in restitution
John Shelley, former chairman, president, CEO and loan officer of failed Bank of Union, has been sentenced to four years in federal prison for making a false statement to the Federal Deposit Insurance Corp.