predatory lending ↔ Office of the Comptroller of the Currency

Relations (1)

cross_type 2.32 — strongly supporting 1 fact

The Office of the Comptroller of the Currency is directly involved in the policy debate surrounding predatory lending, as evidenced by its stance on legislative reform [1], [2], and its inclusion in discussions regarding the regulatory authority needed to address these practices [3], [4].

Facts (1)

Sources

Predatory Lending Practices - House.gov commdocs.house.gov U.S. House of Representatives, Committee on Banking and Financial Services 1 fact

claimThe Assistant Secretary of the Treasury, HUD, the Federal Reserve, the Office of Thrift Supervision (OTS), the Office of the Comptroller of the Currency (OCC), the FDIC, and the FTIC, along with representatives from North Carolina, New York, and Massachusetts, have all stated that legislation is needed to address predatory lending.