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ABA: The American Bankers Association
Statement

ABA Statement on Comptroller Otting

"ABA deeply appreciates Comptroller Joseph Otting's leadership at the OCC over the last two and a half years and his willingness to take on difficult issues. His previous experience as a banker gave him a unique understanding of how the industry can best serve its customers and communities, while also maintaining safety, soundness and consumer protections. On his watch, Comptroller Otting took important actions that will help stabilize and grow the economy, and he started the long-overdue national conversation on modernizing CRA rules. We welcomed his interest in hearing from all stakeholders, and we know the OCC will continue in that spirit when Brian Brooks takes over as Acting Comptroller. We wish Joseph Otting the best in his future endeavors, and we look forward to working with First Deputy and Chief Operating Officer Brooks. The OCC will benefit from his own significant banking and regulatory policy experience."

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $20.3 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $15.8 trillion in deposits and extend nearly $11 trillion in loans.

Press Contact

Ian McKendry

(202) 663-5473

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