CBA Statement on Otting Selection as Acting FHFA Director


CBA Statement on Otting Selection as Acting FHFA Director


WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after President Trump announced Comptroller of the Currency Joseph Otting would serve as acting Federal Housing Finance Agency director until Mark Calabria is confirmed by the Senate:


“Comptroller Otting is an excellent choice to serve as the Acting Director of FHFA. A fully functioning secondary mortgage market is imperative to a strong economy and I am confident Mr. Otting will bring the same level of professionalism and thoughtfulness to the agency that he has brought to the OCC.


“Ensuring consistent leadership at FHFA is crucial and we urge the Senate’s swift confirmation of Mark Calabria as fulltime director.”




 About the Consumer Bankers Association
The Consumer Bankers Association represents America’s leading retail banks. We promote policies to create a stronger industry and economy. Established in 1919, CBA’s corporate member institutions account for 1.7 million jobs in America, extend roughly $4 trillion in consumer loans and provide $275 billion in small business loans annually. Follow us on Twitter @consumerbankers.