Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2008
Backdated capital contribution
An $18 million contribution from IndyMac's parent was recorded as though it had been received by the end of the March 2008 quarter, although it arrived later. Regulators later scrutinized the approval of this treatment as part of broader supervisory failures surrounding the bank's reported capitalization.
2008
Regulatory failure and delayed corrective action
A later Treasury inspector-general review concluded that IndyMac was already a failing institution and that prompt corrective action should have been taken earlier. The review rejected the idea that Senator Schumer's public letters were the fundamental cause of the collapse.