The nation's top thrift regulator helped a Chicago-area community group celebrate its 20th birthday.
Jonathan Fiechter, acting director of the Office of Thrift Supervision, spoke at a Jan. 31 awards dinner sponsored by Neighborhood Housing Services of Chicago. The event recognized 25 banks and thrifts and seven local and federal regulators for founding the organization 20 years ago.
In his speech, Mr. Fiechter said 14 of the 25 institutions were thrifts, showing that "the role of the thrift industry in financing housing, including housing for low- and moderate-income individuals, remains important.
"This highlights the need to ensure that any changes to the framework governing our financial system take account of the effect such changes may have on our housing finance system."