The company owes $266.7 million in TARP money. Flagstar in October announced that its main subsidiary Flagstar Bank had entered into a consent order with the Office of the Comptroller of the Currency, requiring the bank to "adopt or review and revise various plans, policies and procedures related to, among other things, regulatory capital, enterprise risk management and liquidity." Flagstar Bank CEO Joseph Campanelli said in a press release that "The matters reflected in the Consent Order were initially brought to our attention earlier this year by the OCC in connection with its examinations of the Bank," as part of a transition from being regulated by the Office of Thrift Supervision to being regulated by the OCC.