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A U.S. regulator assessed a $6 million penalty Tuesday against Michigan-based Sterling Bank and Trust for violating anti-money laundering and safety-and-soundness rules, 16 months after three former employees pleaded guilty to conspiring to commit bank and wire fraud. The Office of the Comptroller of the Currency "continues to review the conduct of institution-affiliated parties" associated with "low-document" mortgages offered by Sterling from 2011 to 2019, the regulator said Tuesday. The "Advantage Loan Program" constituted the bank's primary loan product during those years, according to the eight-page consent order attached to the penalty. Multiple home loans approved through the program were...