The Senate Banking Committee hosted some of the country’s most powerful bank regulators on Thursday, and we barely had a chance to write about it with all the housing news breaking elsewhere.
But sitting through that hearing, we were struck by some of the comments made by Comptroller of the Currency Jonathan Gould, a top national bank regulator, about the federal preemption of state banking laws.
And we weren’t alone. Some of the remarks rubbed the Conference of State Bank Supervisors the wrong way. CEO Brandon Milhorn said in a statement provided to Punchbowl News that “once again, the OCC has demonstrated that it is out of step with Congress and the Supreme Court.”
