WASHINGTON — Sen. Mike Crapo's surprise suggestion that the Office of the Comptroller of the Currency should be restructured and headed by a commission — rather than a single director — has sparked a fierce debate among industry observers.

In a recent interview with American Banker, the Idaho Republican and GOP leader of the Senate Banking Committee unexpectedly voiced support for the OCC change while also promoting a similar switch to the structure of the Consumer Financial Protection Bureau.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.