Fair Finance Watch

On February 11, OceanFirst through its counsel at Simpson Thacher filed a contemptuous response, that "OceanFirst entered into the Consent Order in order to avoid costly litigation ... we note that the OCC, FDIC, and other federal agencies have taken steps to eliminate or reduce their reliance on theories of liability that are based on statistical analyses of disparate impact." This is not a bank that is wanted in New York State, as FFW has commented to NYS-DFS.

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On February 11, OceanFirst through its counsel at Simpson Thacher filed a contemptuous response, that "OceanFirst entered into the Consent Order in order to avoid costly litigation ... we note that the OCC, FDIC, and other federal agencies have taken steps to eliminate or reduce their reliance on theories of liability that are based on statistical analyses of disparate impact." This is not a bank that is wanted in New York State, as FFW has commented to NYS-DFS.

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