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NEWS RELEASE

Comptroller of the Currency

Administrator of National Banks

NR 2007-131


FOR IMMEDIATE RELEASE

Contact: Kevin Mukri

December 6, 2007  

(202) 874-5770


Comptroller Dugan Testifies on Accelerating
Loan Modifications to Help Troubled Borrowers

WASHINGTON — Comptroller of the Currency John C. Dugan today testified before the House Committee on Financial Services during its hearing on “Accelerating Loan Modifications, Improving Foreclosure Prevention and Enhancing Enforcement.”

Both the Comptroller’s oral statement and written testimony are available from the Office of the Comptroller of the Currency Web site – www.occ.gov.

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The Office of the Comptroller of the Currency was created by Congress to charter national banks, to oversee a nationwide system of banking institutions, and to assure that national banks are safe and sound, competitive and profitable, and capable of serving the banking needs of their customers in the best possible manner.  OCC press releases and other information are available at http://www.occ.gov.  To receive OCC press releases and issuances by email, subscribe at http://www.occ.gov/listserv.htm.