| Signature Bank Gifted to NYCB
Fair Lending Rogue as Barney Frank and
Cephas on Board
by
Matthew Russell Lee, Patreon Book
Substack
SOUTH BRONX /
SDNY, March 21 – With no
public comment period, New
York Community Bank has been
handed the 40 branches of
Signature Bank, to re-open
them as braches of Flagstar,
which NYCB bought in a
proceeding delayed by fair
lending problems.
Back in
April 2021, Fair Finance Watch
and Inner City Press predicted
that the proposed merger of
New York Community Bank and
Flagstar would flounder, on
disparate lending and
regulatory evasions. And it
was delayed.
So, a fair
lending rogue benefits from a
bail out, or a bank with a
former NYS Banking
Superintendent Derrick Cephas,
and Barney Frank, on its board
of directors? We'll have more on
this.
***
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