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A San Antonio oil and gas company with operations in California. He accused lender Kern Cal Oil 7 of attempting to strip the companies of their equity as part of a “predatory loan-to-own strategy.”.
The Office of Thrift Supervision (OTS) was a United States federal agency under the Department of the Treasury that chartered, supervised, and regulated all federally chartered and state-chartered savings banks and savings and loans associations. It was created in 1989 as a renamed version of another federal agency (that was faulted for its role in the savings and loan crisis).
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