Regulators jostle for power in US
WASHINGTON, DC & NEW YORK – The batle for supervisory power over national banks continues between the Office of the Comptroller of the Currency (OCC) and the New York State Attorney General, Eliot Spitzer, culminating in a law suit filed in June by the OCC.
By press time, the Office of the New York Attorney General was scheduled to file a brief for the lawsuit on August 5 in the Federal Court in New York.
The federal agency seeks a preliminary injunction to prevent the attorney general from "interfering in the OCC's fair lending examination and supervision process at national banks". The OCC claims the Attorney General's Office has no authority over supervision of the lending activities of national banks.
The OCC is assessing new data collected under
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