Today, in reaction to the news that Steve Mnuchin will be President-Elect Donald Trump’s nominee to serve as Secretary of the Department of the Treasury, and subsequent remarks from Mr. Mnuchin, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement
Today, the Office of the Comptroller of the Currency (OCC) announced its intention to offer national charters to financial technology firms, which could severely undermine state oversight and state consumer protection laws that protect consumers and small business owners from abusive financial products and practices. The OCC is accepting comments on its framework until January 15, 2017.
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