Patrick Toomey actually said...

I think it does a lot of damage to the credibility of the OCC, damages economically, when an institution receives an approval, stands up an operational business, complies with the conditions under which the approval was granted, and then it is subject to being pulled out from under them.

Context

Toomey emphasizes the negative impact of revoking approvals on institutions' credibility.

08/02/2021

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