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Monday, January 14, 2013

OCC Curry Sees Congress Considering Technical Corrections to Dodd-Frank Act in 2013

OCC Thomas Curry spoke to the California Bankers Association at the Annual Bank Presidents Seminar on the topic of looking ahead to some of the challenges and opportunities likely to be faced by the banking industry in 2013. Topics Curry focused on included the recovery of housing markets, the continued integration of the OTS and OCC, the regulatory and legislative landscape for 2013, and industry safety and soundness.

On the topic of Dodd-Frank, Curry stated:
As we look out over the legislative landscape, I think it is likely that Congress will consider a number of technical corrections to Dodd-Frank – and perhaps some corrections that are a bit more substantive than technical – but I doubt that the basic legislative framework will undergo significant change. So the rules we are finishing work on now are not likely to change much as a result of anything Congress might do.
Read Curry’s full remarks.

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