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Former Banker, Now Regulator Wants To Allow Banks To Make Payday-Style Loans

Comptroller of the Currency Joseph Otting, a former bank executive, is testifying before Congress this week about reshaping some banking rules.

Comptroller of the Currency Joseph Otting is a former bank executive testifying before Congress this week about reshaping some banking rules. He wants big banks to start making small-dollar loans.

(Image credit: Alex Brandon/AP)

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