WASHINGTON, D.C. – Today, Congressman Blaine Luetkemeyer (MO-03), Ranking Member of the Subcommittee on Consumer Protection and Financial Institutions released a statement regarding Joseph Otting’s announcement that he will step down as Comptroller of the Currency.

“Comptroller Otting brought real world experience to the OCC and showed a willingness to work with members of Congress and our constituents to increase transparency and efficiency. I’m especially thankful for his work to modernize the Community Reinvestment Act which is set to have long-lasting positive effects on the financial services industry and communities across America. I appreciate his service and wish him the best in his future endeavors.”