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Volume 14 - Number 5

March 12, 2010

Hudson City Moves to Become National Bank

Hudson City Bancorp Inc., the largest U.S.-based thrift, announced last week that it applied to change its banking charter and its main regulator to stay ahead of the regulatory curve. Hudson City applied to the Office of the Comptroller of the Currency to convert to a national bank, which would make the OCC the bank’s main regulator. Currently, Hudson City is regulated by the Office of Thrift...

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The Consumer Financial Protection Bureau is completing its first six months of operation. Based on the agency’s regulatory pronouncements and announcements to date, how do you think the agency is doing?

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