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Inside Washington (12/05/2007)
* WASHINGTON (12/6/07)—The Treasury Department announced that Secretary Henry M. Paulson, Jr. will join Housing and Urban Development Secretary Alphonso Jackson today for a press conference to discuss the Bush administration's ongoing efforts to help struggling homeowners keep their homes. Members of the mortgage industry, as well as mortgage investors and mortgage counselors, will also participate in the 1:45 p.m. EST press event in the Treasury’s Media Room … * WASHINGTON (12/6/07)—House Financial Services Chairman Barney Frank (D-Mass.) met with about 150 members of Women in Housing and Finance Tuesday evening at a reception at Credit Union House on Capitol Hill. Frank spoke to the group about mortgage reform legislation passed last week by the House... * WASHINGTON (12/6/07)--The Office of Federal Housing Oversight (OFHEO) announced Wednesday the appointment of Christopher H. Dickerson as the director of OFHEO’s Office of Supervision, effectively immediately. Dickerson has served as the agency’s first chief compliance examiner in charge of the Office of Compliance, established in December 2003. In his new position, Dickerson will provide oversight and ensure coordination among all supervisory offices: Examinations, Capital Supervision, Chief Accountant, Compliance, Risk Analysis and Financial Performance, Policy and Research, and Policy Systems and Quality Assurance … * WASHINGTON (12/6/07)--The Office of the Comptroller of the Currency is the sole enforcer of banking laws for national banks, a federal appeals court ruled Tuesday. In 2005, then-attorney general Gov. Eliot Spitzer tried to access national bank records to determine their compliance with anti-discrimination laws (American Banker Dec. 5). The OCC denied the request, stating that it had sole regulatory powers. The appeals court also overturned a decision made by a lower court regarding Spitzer’s access to records of national banks enforcing the Fair Housing Act. The appeals court ruled that the lower court did not have the authority to decide on the matter, and remanded the case to district court. The district court has been instructed to dismiss the claim. The ruling is important to the scope of preemption, said Rob Lacy, a partner at Sullivan and Cromwell LLP, because it upholds the fact that national banks are subject to only one supervision system …


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