The OCC – a look back to two years ago

This is from August 2005 – exactly two years ago – as Mortgage Blues takes a look back:

In a speech last month (july 2005) to the New York Bankers Association, then-Acting Comptroller of the Currency Julie Williams addressed criticism that the agency’s enforcement is too soft. “When supervisors identify an issue, we expect it to be fixed, promptly, without having to resort to subpoenas for the information we need or to enforcement action to achieve the result we seek,” Williams said.

Household – HSBC Watch consumer advocates suggest lack of action at the federal level against HSBC and Household International are signs that enforcement is too soft. “The OCC admits nobody wants responsibility for Household Finance (HFC) so we enter Julie Williams in our 2005 quotable quotes section” said the group.”