Following a familiar pattern, ten accused mortgage lenders caved to demands of the Office of the Controller of Currency (OCC) and the Federal Reserve rather than face the wrath of the regulators who rule over them.

FORBES: Too Big To Fail Banks Crumble Before Greedy Federal Government In Mortgage Deal

In June, the Federal Reserve, joined by the Office of Controller of the Currency, the Federal Deposit Insurance Corporation and the Office of Thrift Supervision, issued final guidance to promote and ensure sound incentive compensation and avoid imprudent risk-taking.

FORBES: Leadership

From his bank fraud work in the Bureau, Self understood that audits conducted by the Office of the Controller of the Currency (OCC) and other agencies and companies rarely discovered criminal activity.

FORBES: A Snitch In Time Can Save Employers a Lot of Money