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News Release 2011-99 | July 27, 2011

Senior Deputy Comptroller Testifies on Use of Credit Ratings

WASHINGTON — Senior Deputy Comptroller for Bank Supervision Policy and Chief National Bank Examiner David K. Wilson today updated members of the U.S. House of Representatives on the agency’s progress implementing parts of the Dodd-Frank Act relating to the use of credit ratings to determine creditworthiness of a security or money market instrument. He testified before the Subcommittee on Oversight and Investigations of the U.S. House Committee on Financial Services.

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