Banking Regulation
Comptroller of the Currency Joseph Otting testified before the Senate Banking Committee ton his agency’s role and mission as the top U.S.… read more
Comptroller of the Currency Joseph Otting testified before the Senate Banking Committee ton his agency’s role and mission as the top U.S. bank regulator. Topics included the results of a nationwide review of bank accounts and sales practices conducted following the 2016 Wells Fargo fake accounts scandal. Mr. Otting said the review uncovered about 20,000 questionable accounts but stressed that the practice is not a systemic issue in the industry. close
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