Comptroller of the Currency Discusses Efforts to Support the Federal Banking System’s Response to COVID-19

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News Release 2020-61 | May 12, 2020

WASHINGTON—Comptroller of the Currency Joseph M. Otting today testified during a hearing held by the U.S. Senate Committee on Banking, Housing, and Urban Affairs.

The Comptroller’s testimony discussed the agency’s efforts to support the safe, sound, and fair operation of the federal banking system and promote its ability to meet the needs of its customers during the national public health emergency created by COVID-19.

The Comptroller’s testimony also provided details about the range of activities currently underway, including our efforts to strengthen the Community Reinvestment Act regulations, make Bank Secrecy Act compliance more effective and efficient, and encourage banks to provide more responsible small-dollar lending.

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