Legal and Regulatory:
White Papers, Studies, Speeches & Testimonies

Banking Industry

12/03/2004

Acting Comptroller of the Currency Julie L. Williams addressed the Bank Administration Institute's "Roundtable for CFOs" in New York - NR 2004-107

Speech (PDF)

Capital

09/26/2006

Comptroller Dugan Tells Senate Panel that Basel II Capital Framework Will Substantially Improve Large Bank Risk Management and Controls NR 2006-104, testimony (PDF), Statement (PDF)

Capital

09/14/2006

Comptroller of the Currency John C. Dugan told a House subcommittee today that the Basel II capital framework is intended not only to align capital requirements more closely to the complex risks inherent in large, internationally active banks, but to require those institutions to substantially improve their risk management systems and controls. NR 2006-96, Testimony (PDF)

Capital

06/08/2006

Comptroller of the Currency John C. Dugan discussed the Basel II capital accord in a speech to the Centre for the Study of Financial Innovation. NR 2006-69, Remarks (PDF)

Capital

03/13/2006

The Comptroller of the Currency, John C. Dugan told a conference of international bankers that the continued safety and soundness of the banking system demands that regulators move away from the simplistic risk-based capital system now in use for internationally active banks to one that substantially enhances risk management and more closely aligns capital with risk. NR 2006-30, Remarks (PDF)

Capital

03/14/2005

Acting Comptroller of the Currency Julie L. Williams addressed Implementation of Basel Capital Accord at the annual Washington conference of the Institute of International Bankers. Speech (PDF)

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Community Development

05/03/2005

Acting Comptroller of the Currency, Julie L. Williams, spoke before the Regional Interagency Committee about the noteworthy progress that strategic partnerships are making in mitigating the effects of foreclosures in cities and communities nationwide.

NR 2005-44, Speech (PDF)

Compliance, Bank Secrecy Act/Anti-Laundering

06/21/2006

OCC Deputy Comptroller Testifies before House Subcommittee on Bank Secrecy Act's Impact upon Money Services Businesses. NR 2006-76, Statement (PDF), Testimony (PDF)

Compliance, Bank Secrecy Act/Anti-Laundering

04/26/2005

Acting Comptroller Julie Williams testified on the implementation of the Bank Secrecy Act in the context of money services businesses (MSBs) before the Senate Banking Committee.

Testimony (PDF)

Oral Statement (PDF)

Compliance, Bank Secrecy Act/Anti-Laundering

02/10/2005

Acting Chief Counsel Addresses Bank Secrecy Act and Anti-Money Laundering Compliance - NR 2005-13

Speech (PDF)

Compliance, Bank Secrecy Act/Anti-Laundering

06/03/2004

Comptroller Hawke Directs Review of Agency's Handling Of Bank Secrecy Act Compliance at Riggs Bank N.A. - NR 2004-43

Testimony (PDF)

Oral Statement (PDF)

Compliance, Bank Secrecy Act/Anti-Laundering

06/02/2004

OCC Testifies on Challenges Faced in Combating Money Laundering - NR 2004-42

Testimony (PDF)

Oral Statement (PDF)

Compliance, Consumer

03/30/2006

Chief Counsel and First Senior Deputy Comptroller Julie L. Williams called for more effective "consumer-oriented disclosures in the financial services business" as a vital part of consumer protection in a speech to the 2006 Banking Institute. NR 2006-40, Remarks (PDF)

Compliance, Consumer

02/02/2006

The Comptroller of the Currency John C. Dugan said that most bank customers don't find the privacy notices they receive to be especially useful and said an ongoing interagency process to simplify those notices will better serve banks and their customers.
NR 2006-8, Remarks (PDF)

Compliance, Consumer

12/01/2005

The Comptroller of the Currency, John C. Dugan made his first major speech before the Consumer Federation of America here in Washington, DC. He spoke about two consumer protection issues, that national bank preemption has created "regulatory gap" in consumer protection; and, second, negative amortization and its increasing prominence in retail credit products. NR 2005-117, Speech (PDF)

Compliance, Consumer

05/17/2005

Acting Comptroller of the Currency, Julie L. Williams, testified before the Senate Banking Committee and made four key points on the OCC's perspectives concerning the marketing and disclosure practices of the U.S. credit card industry. NR 2005-49, Statement (PDF)

Compliance, Consumer

01/12/2005

Acting Comptroller Williams Urges New Approach to Disclosures To Enhance Consumer Protection - NR 2005-1

Speech (PDF)

Compliance, Consumer

06/15/2004

OCC Chief Counsel Julie L. Williams Calls For Greater Cooperation to Combat Predatory Lending before the annual meeting of the Cleveland Neighborhood Housing Services (NHS) - NR 2004-46

Speech (PDF)

Corporate Governance & Structure

09/2003

Today's Credit Markets, Relationship Banking, and Tying (PDF)

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Derivatives

09/28/2006

Insured commercial banks earned $4.7 billion trading cash instruments and derivative products in the second quarter of 2006, the Office of the Comptroller of the Currency reported in its quarterly Bank Derivatives Report. NR 2006-106, Bank Derivatives Report (PDF)

Lending

03/03/2008

The Office of the Comptroller of the Currency issued a statement regarding the reporting of securitized subprime adjustable rate residential mortgages. News Release 2008-27

Preemption

04/07/2004

Comptroller of the Currency John D. Hawke, Jr. Tells Senate Panel of Overarching Considerations for Preemption and Visitorial Powers Rules - NR 2004-28

Testimony (PDF)

Oral Statement (PDF)

Preemption

04/01/2004

Comptroller of the Currency John D. Hawke, Jr. Tells House Panel National Banks Are in Sound Condition - NR 2004-26

Testimony (PDF)

Oral Statement (PDF)

Preemption

03/29/2004

First Senior Deputy Comptroller Julie L. Williams Sets the Record Straight Regarding Nature, Consequences of OCCs Recent Preemption Regulations - NR 2004-25

Sets the Record Straight Speech (PDF)

Preemption

Chief Counsel Julie L. Williams' speech to America's Community Bankers discussed misunderstandings and mischaracterizations of OCC's preemption rule (PDF)

Preemption

02/12/2004

Chief Counsel Julie L. Williams' Speech to Annual Legal Conference of Independent Bankers Association of Texas & Texas Savings and Community Bankers Association (PDF)  

Preemption

12/05/2003

Preemption

10/23/2003

National Banks and the Dual Banking System (PDF)

Preemption

09/09/2003

Comptroller of the Currency John D. Hawke, Jr.'s Speech to Women in Housing and Finance on September 9, 2003

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Regulations

03/01/2006

First Senior Deputy Comptroller and Chief Counsel, Julie L. Williams, of the Office of the Comptroller of the Currency, testified before the Senate Banking Committee on the subject of regulatory relief. NR 2006-25, Statement (PDF), Testimony (PDF)

Regulations

09/26/2005

Comptroller of the Currency John C. Dugan said in a speech that both consumers and banks have benefited from the long fight to shed outdated laws and regulations, and he expressed pride in the role he played in those efforts. NR-2005-95, Remarks (PDF)

Regulations

09/23/2005

Chief Counsel and First Deputy Comptroller Julie L. Williams testified before House Committee on Financial Services on Regulatory Relief and support to Katrina Recovery Efforts. Statement (PDF), Testimony (PDF)

Regulations

06/21/2005

Acting Comptroller of the Currency, Julie L. Williams Supports Regulatory Burden Relief Legislation; Urges New Approach to Consumer Disclosure Requirements to Reduce Regulatory Burden and Deliver Information Consumers Understand

NR 2005-60, Statement (PDF)

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Regulations

06/09/2005

Acting Comptroller of the Currency, Julie L. Williams, told a House subcommittee "that consumer disclosure requirements present an opportunity to reduce regulatory burden while improving the quality of information provided to consumers". NR 2005-57, Statement (PDF)

Regulations

06/22/2004

OCC Chief Counsel Julie L. Williams Tells Senate Banking Committee That Unnecessary Regulatory Burden Hurts Both Banks and Consumers - NR 2004-50

Testimony (PDF)

Research and Reference

04/20/2004

Comptroller of the Currency John D. Hawke, Jr. Tells Senate Banking Committee That National Banking System is in Strong Condition - NR 2004-30

Testimony (PDF)

Oral Statement (PDF)

Special Examination Authority

2005

Acting Comptroller Williams Issues Statement Regarding FDIC Proposal to Expand Special Examination Authority - NR 2005-4

Speech (PDF)

Speeches and Testimony

03/04/2008

Comptroller of the Currency John C. Dugan told a Senate Committee that while the banking system is fundamentally sound, it is being tested by large and unprecedented credit market disruptions plus the slowdown in the economy. NR 2008-28, Summary, Testimony (PDF)

Speeches and Testimony

03/03/2008

Comptroller of the Currency John C. Dugan said that many national banks in the United States have indicated they will take advantage of the flexibility provided by the 36-month window for Basel II implementation provided in the final U.S. rule. NR 2008-26, Speech (PDF), Summary

Speeches and Testimony

02/14/2008

Comptroller of the Currency John C. Dugan issued the following statement responding to comments from New York Governor Eliot Spitzer. NR 2008-16

Speeches and Testimony

02/13/2008

Deputy Comptroller for Compliance Policy Ann F. Jaedicke discussed the Community Reinvestment Act in testimony before the House Committee on Financial Services. NR 2008-15, Statement (PDF), Testimony (PDF)

Speeches and Testimony

02/12/2008

Comptroller Dugan Urges Action to Help Communities Suffering from Effects of Mortgage Foreclosure Crisis NR 2008-14, Speech (PDF)

Speeches and Testimony

01/31/2008

Comptroller of the Currency addressed the Florida Bankers Association in Miami. NR 2008-9,

Speeches and Testimony

12/06/2007

Comptroller of the Currency John C. Dugan issued the following statement at the Department of the Treasury press conference announcing a plan to assist a key segment of subprime borrowers to modify their mortgages and avoid foreclosures. NR 2007-132

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Speeches and Testimony

12/06/2007

Comptroller Dugan testifies on accelerating loan modifications to help troubled borrowers. NR 2007-131, Statement (PDF), Summary

Speeches and Testimony

10/30/2007

OCC Chief of Staff Testifies Before House Oversight and Investigations Subcommittee. NR 2007-121, Testimony (PDF), Summary (PDF)

Speeches and Testimony

09/24/2007

Comptroller of the Currency John C. Dugan said that consumers should be given the opportunity to "opt out" of certain credit card rate increases and be given the alternative of paying off the card balance at the old rate. NR 2007-104

Speeches and Testimony

09/20/2007

OCC First Senior Deputy Comptroller and Chief Counsel Testifies Before Senate Committee About the Hardships Created By Garnishment of Federal Benefits. NR 2007-98

Speeches and Testimony

09/05/2007

Comptroller of the Currency John C. Dugan told a House committee that despite challenging conditions in mortgage and credit markets, the national banking system remains safe and sound. NR 2007-93, Testimony (PDF)

Speeches and Testimony

07/11/2007

Chief Counsel and First Senior Deputy Comptroller Julie L. Williams discussed the Supreme Court's decision in Watters v. Wachovia Bank in a speech today to the New York Bankers Association. NR 2007-72, Remarks (PDF)

Speeches and Testimony

07/11/2007

Comptroller of the Currency John C. Dugan issued the following statement addressing interagency questions and answers on the Community Reinvestment Act. NR 2007-71

Speeches and Testimony

06/13/2007

Comptroller Dugan Tells House Committee that OCC Supervision Plays Critical Role In Ensuring National Bank Compliance with Federal Consumer Protection Standards NR 2007-57

Speeches and Testimony

06/07/2007

Comptroller John C. Dugan, testified before the House Subcommittee on Financial Services and Consumer Credit, chaired by Congresswoman Maloney, on the effectiveness of credit card disclosures and related issues.
NR 2007-54, Testimony (PDF)

Speeches and Testimony

04/17/2007

Watters vs. Wachovia Bank case, the Supreme Court held that federal preemption standards applicable to national banks extend to activities conducted through their operating subsidiaries. NR 2007-40, Supreme Court Decision (PDF)

Speeches and Testimony

09/29/2006

Comptroller of the Currency John C. Dugan released the following statement after the release of final interagency guidance on non-traditional mortgages. NR 2006-108

Speeches and Testimony

09/26/2006

First Senior Deputy Comptroller and Chief Counsel Julie L. Williams discussed three interpretive letters issued by the OCC in December 2005 in testimony before the Subcommittee on Government Management, Finance, and Accountability of the House Committee on Government Reform. NR 2006-105, Statement (PDF), Testimony (PDF)

Speeches and Testimony

05/27/2005

Acting Comptroller of the Currency, Julie L. Williams Speech before an OCC Bankers Outreach Meeting Chicago, Illinois on the eve of the Memorial Day weekend, a traditional time to count the blessings of our free society and pay tribute to those who fought to preserve and protect it. NR 2005-53, Remarks (PDF)

Speeches and Testimony

03/21/2005

Acting Comptroller of the Currency Julie L. Williams addressed the BAI National Loan Review Conference in New Orleans, LA on the enormous changes that are taking place in the world of retail lending.

Speech (PDF)

Speeches and Testimony

03/11/2005

Acting Comptroller of Currency Julie L. Williams addressed the Independent Community Bankers of America San Antonio, Texas about Bankers Regulatory Burden Relief of how it should be a national priority.

Speech (PDF)

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