OCC, CFPB Heads Meet on Reg Burden

Feb 07, 2018
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Comptroller of the Currency Joseph Otting said he shares Consumer Financial Protection Bureau Acting Director Mick Mulvaney’s willingness to reevaluate unnecessary regulatory burdens that hamper banks’ ability to serve their customers.

Following a meeting with Mulvaney and citing his delayed implementation of the bureau’s Home Mortgage Disclosure Act final rule, Otting said unnecessary regulatory burden is a waste that places a drag on our entire economy without making the system safer or fairer.

Read Otting’s Statement