OCC Logo NEWS RELEASE

Comptroller of the Currency

Administrator of National Banks

NR 2006-100



FOR IMMEDIATE RELEASE Contact: Kevin Mukri
September 20, 2006 (202) 874-5770

OCC Deputy Comptroller Testifies before Senate Subcommittees

On Nontraditional Mortgage Products

 

WASHINGTON – Deputy Comptroller Kathryn E. Dick discussed nontraditional mortgage products and the proposed interagency guidance on those products in testimony today before the Subcommittee on Economic Policy and the Subcommittee on Housing and Transportation of the Senate Committee on Banking, Housing, and Urban Affairs.

 

Her oral and written statements are available on the OCC’s web site at www.occ.treas.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.