Huffpost Hill – Congress Still Targeting Olds
Huffington Post
July 20, 2011

“OCC Still a Sick Joke Masquerading as a Federal Agency – Remember when all those state regulators wanted to crack down on predatory lending in, like, 2004? And remember when the OCC stepped in to say, “Aw hell naw”? And remember when those horrible mortgages wrecked the global economy? Well, the OCC wants another go-round. Today, the agency finalized a new set of “preemption” rules that are pretty much just like the old ones, protecting the nation’s biggest banks from state scrutiny. Americans for Financial Reform says the new regulations directly violate last year’s Wall Street reform bill, which required the OCC to ease the preemption rules.”