Joseph Otting, the top regulator for the country’s national banks, still considers himself to be a banker. It’s an admission that explains the consternation voiced by Congressional Democrats and community groups when he was nominated to become the 31st Comptroller of the Currency. To the banking industry, however, Otting’s selection was idiomatic: Who better to understand the bottom-line impact of banking regulation than one who toiled under its weight?
Otting was sworn in as Comptroller on Nov. 27, 2017, and immediately set to work on his priorities: Reforming the Community Reinvestment Act; encouraging bankers to return . . .
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