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FOR IMMEDIATE RELEASE
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Contact: Bryan Hubbard |
June 7, 2006
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(202) 874-5770
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WASHINGTON The Office
of the Comptroller of the Currencys Chief of Staff John G. Walsh spoke today
to members of the National Housing Advisory Council about proposed interagency
guidance related to nontraditional mortgages.
During the speech, Mr. Walsh highlighted the economic conditions behind
the need for the guidance and how it promotes a safe and sound banking system
while protecting consumers against the dangers of negative-amortization and
escalating payments.
The full text of this speech is available at http://www.occ.gov/ftp/release/2006-68a.pdf.
Related Links: John G. Walsh
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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 in the best possible manner the banking needs of their customers.
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