Comptroller Dugan Issues Statement on Supreme Court Case

WASHINGTON — Comptroller of the Currency John C. Dugan issued the following statement today regarding the Supreme Court decision in Cuomo v. Clearing House Association:

While the OCC naturally is disappointed that the Court disagreed with the OCC's interpretation of the scope of visitorial powers under the National Bank Act, everyone benefits from clarification of the law. We will continue to look for ways to improve collaboration and cooperation between the OCC and the states. I want to stress that the OCC is absolutely committed to strong oversight and enforcement of the fair lending laws, and that the OCC and the states share a common goal of ensuring fair access to financial services and fair treatment of consumers and businesses by all financial firms. We look forward to working with the states to ensure that these important objectives are met.