Academic journal article ABA Banking Journal

OCC's First Ombudsman Hands out His Shingle

Academic journal article ABA Banking Journal

OCC's First Ombudsman Hands out His Shingle

Article excerpt

When Samuel P. Golden officially stepped into his job as ombudsman of the Office of the Comptroller of the Currency in mid-September, he was actually taking on two tasks.

The first is the one he was specifically hired for--to be the linchpin of a new examination appeals process Comptroller of the Currency Eugene A. Ludwig announced last June. The program is part of the Clinton Administration's effort to increase the availability of credit to small- and medium-size businesses.

The other, related, task could initially be the harder one: convincing bankers who consider using the new appeals mechananisms that they won't be the target of national bank examiners' revenge if they go ahead with it.

"I report directly to the Comptroller, and, candidly, I have the authority to reverse any decision made in the agency's supervisory process," says Golden, a veteran OCC examiner by background. "But there's probably nothing I can tell you that will convince bankers there won't be retribution."

Golden, 41, will have to sell his agency's program, and himself, as he goes. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.