office of the comptroller of the currency

Watch Elizabeth Warren Grill Trump’s Top Bank Regulator

Jake Johnson / Common Dreams May 16, 2019 During a testy hearing before the Senate Banking Committee, the 2020 Democratic hopeful lays into Comptroller of the Currency Joseph Otting. Dig deeper ( 2 Min. Read )

Loan Scandal Costs Wells Fargo $1 Billion; None of Fine Goes to Victims

KEN SWEET / The Associated Press Apr 20, 2018 The banking giant will pay $500 million to the U.S. Treasury and $500 million to the Consumer Financial Protection Bureau's civil penalties fund. Dig deeper ( 3 Min. Read )

Trump Picks Ex-Banker to Regulate Wall Street

Staff / Truthdig Jun 7, 2017 Joseph Otting (at right in photo), former president and CEO of OneWest Bank, is tapped to run the Office of the Comptroller of the Currency, which oversees more than 1,000 lenders. Dig deeper ( 4 Min. Read )

Inside the Sham Foreclosure Review Process

Alexander Reed Kelly / Truthdig Jan 12, 2013 Companies hired to spot wrongful foreclosures made more than $1 billion in a review process that was ultimately scuttled. Meanwhile, banks prepare to divide a $3.3 billion settlement between nearly 4 million borrowers without identifying who needs the money most. Dig deeper ( 3 Min. Read )

Wrongful Foreclosure Settlement Not Enough, New York Times Says

Alexander Reed Kelly / Truthdig Jan 10, 2013 The editors at The New York Times are not impressed with the deal struck between the government and major banks to provide borrowers with $8.5 billion in aid. Dig deeper ( 2 Min. Read )