OCC Chief Counsel Highlights Need For Improved Consumer Financial Disclosures

WASHINGTON, D.C. – 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, today.

The full text of this speech is available at http://www.occ.gov/ftp/release/2006-40a.pdf.

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 in the best possible manner the banking needs of their customers.