Acting Comptroller of the Currency Releases Letter on Preemption

WASHINGTON—Acting Comptroller of the Currency Rodney E. Hood today released a letter in response to correspondence from the Conference of State Bank Supervisors requesting the Office of the Comptroller of the Currency (OCC) rescind its preemption regulations.

In the letter, Acting Comptroller Hood reaffirmed the OCC’s support and defense of preemption as a cornerstone of the dual banking system that is fundamental to the operation of the federal banking system. The OCC’s preemption regulations are consistent with federal law, Supreme Court precedent, and a powerful enabler of local and national prosperity and growth.

Related Links

• OCC Letter on Preemption (PDF)
• Acting Comptroller of the Currency Rodney E. Hood