OCC Fines Sterling Bank's Ex-COO $150K For Lax Oversight

By Katryna Perera (March 22, 2024, 10:39 PM EDT) -- The former president of Michigan-based Sterling Bancorp Inc. has been ordered to pay $150,000 by the Office of the Comptroller of the Currency for allegedly failing to properly oversee the bank's Advantage Loan Program, which presented "high risks for fraud, money laundering, and lending misconduct."...

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