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State banking regulators say US OCC lacks authority to pre-empt them

( June 23, 2020, 16:51 GMT | Official Statement) -- MLex Summary: A group of state banking regulators urged its members to rely on the needs of their particular states rather than defer to a US Office of the Comptroller of the Currency statement last week asserting the agency’s authority to establish uniform mortgage, lending and other standards. Each state regulator should determine what’s “appropriate based on the needs and circumstance of their citizens,” the Conference of State Bank Supervisors said.Statement follows below:...

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