U.S. Rep. Ron Paul | Comptroller of the Currency |
Comptroller of the Currency
Freedom And Privacy Restoration Act
6 January 1999 1999 Ron Paul 1:8
A more recent assault on privacy is a regulation proposed jointly by the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, and the Federal Reserve, known as “Know Your Customer.” If this regulation takes effect in April 2000, financial institutions will be required not only to identify their customers but also their source of funds for all transactions, establish a “profile” and determine if the transaction is “normal and expected.” If a transaction does not fit the profile, banks would have to report the transaction to government regulators as “suspicious.” The unfunded mandate on financial institutions will be passed on to customers who would have to pay higher ATM and other fees and higher interest rates on loans for the privilege of being spied on by government-inspired tellers.
Comptroller of the Currency
In Support Of The Gutierrez-Paul Bill
28 April 2004 2004 Ron Paul 30:1
Mr. PAUL. Mr. Speaker, I am pleased to cosponsor the legislation offered by Mr. GUTIERREZ using the Congressional Review Act to disapprove the Office of the Comptroller of the Currency’s (OCC) preemption regulation because I strongly oppose any attempt to expand the OCC’s regulatory functions beyond the power Congress originally granted the OCC. The OCC was never meant to serve as a national consumer protection agency. Its limited, intended role has been underscored by Federal court rulings that State law remains applicable to national banks in the absence of explicit Federal preemption.
Texas Straight Talk from 20 December 1996 to 23 June 2008 (573 editions) are included in this Concordance. Texas Straight Talk after 23 June 2008 is in blog form on Rep. Paul’s Congressional website and is not included in this Concordance.
Remember, not everything in the concordance is Ron Paul’s words. Some things he quoted, and he added some newspaper and magazine articles to the Congressional Record. Check the original speech to see.