CREW FILES FOIA REQUEST WITH THE OFFICE OF THE COMPTROLLER OF THE CURRENCY

25 Feb 2008 // Citizens for Responsibility and Ethics in Washington (CREW) filed a Freedom of Information Act (FOIA) request with the Office of the Comptroller of the Currency (OCC), seeking documents relating to OCC's formulation of predatory lending policies in 2003-2004. On January 7, 2004, then-Comptroller of the Currency John D. Hawke, Jr. stated that, "we have no evidence that national banks (or their subsidiaries) are engaged in [predatory or abusive lending practices] to any discernible degree." http://www.occ.treas.gov/2004-3aComptrollersstatement.pdf. Subsequent events have called this statement into question. CREW's FOIA request seeks documents from the critical time period when the OCC preempted state laws intended to deter predatory lending practices and issued new rules of its own pertaining to national banks' lending practices.

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