OCC Deputy Comptroller Testifies on H.R. 6139 (National Consumer Credit Corporations)

Deputy Comptroller for Compliance Policy Grovetta Gardineer today discussed agency concerns about H.R. 6139 ("The Consumer Credit Access, Innovation, and Modernization Act") during her testimony before the Subcommittee on Financial Institutions and Consumer Credit of the U.S. House Committee on Financial Services. Gardiner expressed concern that H.R. 6139, which proposes to create a Federal charter for National Consumer Credit Corporations, would adversely affect consumers and would create a class of federally chartered institutions with serious safety and soundness concerns.

View release in full here (links externally to OCC website). Additional Materials: Oral Statement; Written Testimony; Deputy Comptroller for Compliance Policy Grovetta Gardineer.