Question: National Regulators Support Banks, Actively Hurt Consumers

Are there times when officials from the Office of the Comptroller of the Currency have testified before congress (or released documentation of any kind) citing the importance of state regulation or state enforcement of fair lending laws?

The Office of the Comptroller of the Currency regulates nationally chartered banks (JP Morgan Chase, Citibank, Bank of America, Wells Fargo, etc.). The OCC's only income comes only from the dues paid by these and other banks. If these banks were to choose to apply for charters with another regulator, as they are legally able to, the original regulator will lose its income.

This causes other regulators (like state regulators, the office of thrift supervision or federal reserve) to try to weaken the muscle they use to enforce the law so the banks they currently collect dues from won't bail - other banks will also see that if they go to this regulator they will have free reign.

The Office of the Comptroller of the Currency is currently suing NY Att'y Gen'l Eliot Spitzer because he tried to not enforce BUT INVESTIGATE housing discrimination by banks chartered by federal regulators -- Spitzer tried to fight discrimination in housing, but the OCC said he can't do this because it is the OCC's job as federal regulator.

QUESTION: Are there times when OCC officials have testified before congress (or released documentation of any kind) citing the importance of state regulation or state enforcement of fair lending laws?