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Home » Store » Taxable » OCC Rebuffs Congress on Proposed Preemption Rule

OCC Rebuffs Congress on Proposed Preemption Rule

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Exempting national banks from state predatory lending laws won’t put consumers at risk, the Office of the Comptroller of the Currency has told lawmakers opposed to its proposed preemption scheme. “We will continue to take proactive steps to prevent national banks or their operating subsidiaries from engaging in inappropriate practices, and to react vigorously to evidence that they may have done so,” the OCC said in a letter
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