Items Tagged with 'Keith Noreika'


  • Keith Noreika to step down as Comptroller of the Currency

    Following the confirmation vote for Joseph Otting
    With former bank executive Joseph Otting soon to be confirmed as Comptroller of the Currency, Acting Comptroller of the Currency Keith Noreika submitted his resignation letter to Secretary of the Treasury Stephen Mnuchin. Noreika may not have been in the position long, but he did manage to make headlines during his time there, most notably for his opposition to the Consumer Financial Protection Bureau’s arbitration rule.
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  • Trump officially kills CFPB arbitration rule

    Despite last-minute plea from CFPB Cordray to save the rule
    The battle over the Consumer Financial Protection Bureau’s highly contested arbitration rule is finally over. President Donald Trump signed a resolution on Wednesday to officially revoke the rule. The arbitration rule is dead.
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  • OCC sounds alarm on CFPB arbitration rule, welcomes Congressional repeal

    Noreika: “The rule may turn out to be the proverbial straw on the camel’s back”
    There’s good news and bad news for the Consumer Financial Protection Bureau’s new arbitration rule. On the positive side, the Office of the Comptroller of the Currency doesn’t plan to stand in the way of the rule being implemented, as the OCC recently threatened to do. On the other hand, the OCC isn’t planning to intervene in the arbitration rule situation because Congress is currently in the process of repealing the rule.
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  • CFPB ignores request from OCC to postpone arbitration rule

    Arbitration rule set to publish in Federal Register this week
    Despite a heated exchange of letters between the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency asking for the delay of the newly announced arbitration rule, the rule will carry on as planned and be published in the Federal Register this week. Check out the article for a timeline of events regarding the controversy behind the rule.
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  • Acting comptroller of the currency: Here are ways to reduce regulatory burden

    It’s a good time to take stock of our financial system
    Still fresh in the position of Acting Comptroller of the Currency, Keith Noreika is already making moves to promote economic growth. In his testimony before the Senate Committee on Banking, Housing, and Urban Affairs on Thursday, Noreika discussed his ideas on how to reduce regulatory burden.
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  • Acting comptroller of the currency: It's a "good time" to look at Dodd-Frank

    Gives introductory speech to OCC staff
    Fresh in his new position as acting comptroller of the currency, Keith Noreika already publicly stated where he stands on Dodd-Frank reform. On Tuesday, Noreika gave a brief speech to OCC staff to introduce himself, and, as icing on the cake, wrapped up his speech giving a preview of where he stands on Dodd-Frank.
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  • Comptroller of the Currency Thomas Curry to step down May 5

    Keith Noreika named acting comptroller of the currency
    Thomas Curry will officially step down as comptroller of the currency on May 5 after more than five years at the helm. Curry completed his five-year term on April 9, and rumors started to spread as early as March on who the possible replacement would be. In the meantime, Keith Noreika will serve as acting comptroller of the currency.
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