Joseph Otting

Last updated
  1. 1 2 Reuters (November 27, 2017). "Joseph Otting, former banker, sworn in as top U.S. bank regulator" Retrieved December 6, 2017.
  2. OCC (May 21, 2020). "Comptroller of the Currency Joseph Otting to Step Down, Brian P. Brooks to Become Acting Comptroller of the Currency on May 29, 2020." Retrieved May 21, 2020.
  3. Corrected parents after confirmation directly from Mr. Otting on December 5, 2017. Other cited sources incorrectly identified Daniel and Helen Otting.
  4. 1 2 3 Straehley, Steve, and David Wallechinsky (July 7, 2017). “Comptroller of the Currency: Who Is Joseph Otting?” AllGov. Retrieved December 5, 2017.
  5. National Association of Credit Management. “Graduate School of Credit & Financial Management (Brochure).” Retrieved April 26, 2019.
  6. 1 2 Official Biography. "Joseph M. Otting." Office of the Comptroller of the Currency. Retrieved December 4, 2017.
  7. Bowden, John (June 9, 2017). "Trump selects ex-banker to oversee Wall Street". The Hill.
  8. 1 2 Official Biography. "Joseph M. Otting." Office of the Comptroller of the Currency. Retrieved December 6, 2017.
  9. Straehley, Steve, and David Wallechinsky (July 7, 2017). “Comptroller of the Currency: Who Is Joseph Otting?” AllGov. Retrieved December 6, 2017.
  10. 1 2 Bloomberg. Executive Profile: “Joseph Otting.” Retrieved December 6, 2017.
  11. 1 2 "Meet The Board". Killebrew Thompson Memorial Golf Tournament. 2014. Retrieved 2014-06-24.
  12. "OneWest Bank Names Joseph Otting President, Chief Executive Officer and a Member of the Board." OneWest Bank Press Release. October 27, 2010. Retrieved June 24, 2014.
  13. Peltz, James (August 3, 2015). “CIT Group closes $3.4-billion purchase of OneWest Bank in Pasadena.” Los Angeles Times. Retrieved December 4, 2017. See also OCC Letter, “Application to Merge CIT Bank, Salt Lake City, UT with and into OneWest Bank, N.A., Pasadena, CA.” July 21, 2015.
  14. Macheel, Tanaya (December 9, 2015). "CIT Fires Otting, 13 More Executives in Post-OneWest Shuffling." American Banker. Retrieved December 4, 2017.
  15. U.S. Department of the Treasury (February 13, 2017). “Steven T. Mnuchin Sworn in as Secretary of the Treasury.” Retrieved December 6, 2017.
  16. Federal Deposit Insurance Corporation. Failed Bank Information: Information for IndyMac Bank, F.S.B., and IndyMac Federal Bank, F.S.B., Pasadena, CA. Retrieved December 6, 2017.
  17. Federal Deposit Insurance Corporation (July 11, 2018). “FDIC Establishes IndyMac Federal Bank, FSB as Successor to IndyMac Bank, F.S.B., Pasadena, California.” Retrieved December 6, 2017.
  18. Office of the Comptroller of the Currency (February 20, 2014). Conditional Approval #1090. Retrieved December 6, 2017.
  19. Office of Thrift Supervision (April 13, 2011). Consent Order No.: WN-11-011. Retrieved December 6, 2017.
  20. Office of the Comptroller of the Currency (July 21, 2015). “OCC Approves OneWest Bank, N.A. - CIT Bank Merger; Terminates Foreclosure-Related Consent Order.” NR 2015-105. See also “Consent Order Termination” #2015-77. Retrieved December 6, 2017
  21. Office of the Comptroller of the Currency (April 30, 2014). “Report Highlights Status of Independent Foreclosure Review Payment Agreement.” NR 2014-65. Retrieved December 6, 2017.
  22. Office of the Comptroller of the Currency (April 30, 2014). Foreclosure-Related Consent Orders Status Report: Observations, Payments, and Foreclosure Prevention Assistance. Retrieved December 6, 2017.
  23. Ensign, Rachel Louise (March 21, 2016). “CIT Chief John Thain Takes 9% Pay Cut on His Way Out.” Wall Street Journal. Retrieved December 4, 2017.
  24. Reckard, E. Scott (February 26, 2015). “CIT Group, OneWest Bank say merger would be good for poor neighborhoods.” Los Angeles Times. Retrieved December 6, 2017. See also Kate Berry (February 26, 2015). “The Big Surprise at CIT-OneWest Merger Hearing: Lots of Support.” American Banker. Retrieved December 6, 2017, and The Center for Religion and Civic Culture (March 18, 2015). “L.A. Times, American Banker: Community Coalition Supports Bank Merger.” University of Southern California. Retrieved December 6, 2017.
  25. Finkelstein, Brad, and Collins, Brian.(July 3, 2017). "DOJ's False Claims Act focus shifts to reverse mortgage servicers." American Banker. Retrieved April 8, 2019.
  26. Lane, Ben.(October 9, 2017). "CIT Bank selling Financial Freedom, exiting reverse mortgage business." HousingWire. Retrieved April 8, 2019.
  27. U.S. Department of Justice (May 16, 2017). "Financial Freedom Settles Alleged Liability for Servicing of Federally Insured Reverse Mortgage Loans for $89 Million." Press Release No. 17-534. Retrieved July 29, 2017.
  28. "NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES OVER $1 BILLION EQUITY INVESTMENT ANCHORED BY FORMER U.S. TREASURY SECRETARY STEVEN T. MNUCHIN'S LIBERTY STRATEGIC CAPITAL, HUDSON BAY CAPITAL AND REVERENCE CAPITAL". March 7, 2024.
  29. CNBC (June 7, 2017). "Trump chooses Joseph Otting as key regulator of U.S. banks". CNBC.com. Associated Press. Retrieved June 12, 2017.
  30. Schroeder, Pete, and Patrick Rucker (November 16, 2017). “Ex-banker Otting confirmed as U.S. Comptroller of the Currency.” Reuters. Retrieved November 16, 2017.
  31. 1 2 Official Biography. "Joseph M. Otting." Office of the Comptroller of the Currency. Retrieved December 4, 2017. PD-icon.svg This article incorporates text from this source, which is in the public domain .
  32. C-SPAN (July 27, 2017). Comptroller of the Currency and Federal Reserve Nominations. Retrieved December 4, 2017.
  33. Office of the Comptroller of the Currency (November 27, 2017). "Joseph M. Otting Takes Office as the 31st Comptroller of the Currency." OCC News Release 2017-141. Retrieved November 27, 2017.
  34. Written Testimony Before the Committee on Financial Services. U.S. House of Representatives. June 13, 2018.
  35. NR 2018-51. "Comptroller Urges Banks to Meet Consumers' Short-Term, Small-Dollar Credit Needs." Office of the Comptroller of the Currency. May 23, 2018.
  36. NR 2018-74. "Comptroller Urges Banks to Meet Consumers' Short-Term, Small-Dollar Credit Needs." Office of the Comptroller of the Currency. May 23, 2018.
  37. Note, Recent Policy Statement: OCC Allows Fintech Companies to Apply for National Bank Charters , 132 Harv. L. Rev. 1361 (2019).
  38. NR 2018-87. "OCC Seeks Comments on Modernizing Community Reinvestment Act Regulations." Office of the Comptroller of the Currency. August 28, 2018.
  39. NR 2019-147. “FDIC and OCC Propose to Modernize Community Reinvestment Act Regulations.” Office of the Comptroller of the Currency. December 12, 2019.
  40. Jesse Hamilton. “Wall Street may have to lend more in poor areas under new rules.” Los Angeles Times (Bloomberg). December 12, 2019"
  41. "Regulators Set Out Small-Dollar Lending Guidelines for Banks". May 20, 2020 via www.bloomberglaw.com.
  42. "Questions swirl as Otting finalizes overhaul of Community Reinvestment Act".
  43. Flitter, Emily; Smialek, Jeanna (12 December 2019). "Bank Regulators Disagree on Changes to Rules for Poor Communities". The New York Times .
  44. Flitter, Emily; Smialek, Jeanna (28 May 2020). "Bank Regulator's Battle with Anti-Redlining Law Comes to an End". The New York Times .
  45. "Waters Blasts Otting's Departing Act to Weaken CRA During COVID-19 Pandemic". 20 May 2020.
  46. Guida, Victoria (19 May 2020). "Trump banking regulator to announce departure after finalizing anti-redlining rule". POLITICO.
  47. Ackerman, Andrew (May 20, 2020). "WSJ News Exclusive | Banking Regulator Who Overhauled Low-Income Lending Rules to Step Down". Wall Street Journal via www.wsj.com.
  48. "U.S. bank regulator finalizes new community lending rule". Reuters. May 20, 2020 via www.reuters.com.
  49. Lane, Sylvan (May 20, 2020). "Bank regulator unveils new anti-redlining rules ahead of expected departure". The Hill . Retrieved May 20, 2020.
  50. Lane, Sylvan (May 20, 2020). "Rollout of new anti-redlining rules sparks confusion in banking industry". The Hill . Retrieved May 22, 2020.
  51. Schroeder, Pete; Prentice, Chris (May 21, 2020). "U.S. Banking regulator Otting to exit, his deputy to serve as acting chief". Reuters . Retrieved May 22, 2020.
  52. Lane, Sylvan (May 21, 2020). "Top bank regulator announces abrupt resignation". The Hill . Retrieved May 22, 2020.
  53. President Trump Names Joseph M. Otting Acting Director of the Federal Housing Finance Agency. NR 2018-140. December 21, 2018.
  54. Straehley, Steve, and David Wallechinsky (July 7, 2017). “Comptroller of the Currency: Who Is Joseph Otting?” AllGov. Retrieved December 4, 2017.
  55. Millward, Wade Tyler (May 5, 2018). "Man who oversees country’s biggest banks lives in Las Vegas." Retrieved April 5, 2019.

Attribution

Joseph Otting
Joseph Otting official photo.jpg
Official portrait
31st Comptroller of the Currency
In office
November 27, 2017 May 29, 2020
Government offices
Preceded by Comptroller of the Currency
2017–2020
Succeeded by
Brian P. Brooks
(Acting)