OCC Chief Counsel Testifies on Efforts to Correct Foreclosure Deficiencies

WASHINGTON — The Office of the Comptroller of the Currency’s Chief Counsel Julie L. Williams provided an update on efforts to correct unsafe and unsound mortgage servicing and foreclosure practices during her testimony today before the Subcommittee on Housing, Transportation, and Community Development of the U.S. Senate Committee on Banking, Housing, and Urban Affairs.

Julie L. Williams

Photo of Julie L. WilliamsFirst Senior Deputy Comptroller and Chief Counsel

Julie L. Williams is First Senior Deputy Comptroller and Chief Counsel at the Office of the Comptroller of the Currency (OCC).

Ms. Williams was initially appointed Chief Counsel of the OCC in June 1994, with responsibility for all of the agency’s legal activities, including legal advisory services to banks and examiners, enforcement and compliance activities, litigation, legislative initiatives, and regulation of securities and corporate practices of national banks. She was designated as the agency’s statutory “First Deputy” by the Secretary of the Treasury in 1997. She was named First Senior Deputy Comptroller by Comptroller Hawke in September 1999.

From April 1998 until December 1998, and again from October 2004 until August 2005, Ms. Williams served as the Acting Comptroller of the Currency.

In addition to overseeing the OCC’s Law Department, Ms. Williams supervises the Licensing Department, as well as the Community Affairs Department. As the Comptroller’s top legal advisor, she is a member of the Executive Committee, providing advice and guidance on major issues and actions. She joined the OCC in May 1993 as Deputy Chief Counsel with responsibility for special legislative and regulatory projects.

Since September 2001, Ms. Williams has served as the OCC’s representative on the board of directors of NeighborWorks America, a nonprofit organization created by the Congress to support community-based revitalization efforts. She was designated Vice Chairman of the Board in 2007.

Before joining the OCC, Ms. Williams served in a variety of positions at the Office of Thrift Supervision and its predecessor agency, the Federal Home Loan Bank Board. From 1991 to 1993, she was Senior Deputy Chief Counsel, responsible for regulations and legislation, corporate and securities law, and general legal issues. She previously served as Deputy Chief Counsel for Securities and Corporate Analysis. She joined the Bank Board in 1983, after working as an attorney with the law firm of Fried, Frank, Harris, Shriver & Kampelman in Washington, D.C., from 1975 to 1983.

Ms. Williams is the author of “National Banks and the Dual Banking System (OCC, 2003),” “Savings Institutions: Mergers, Acquisitions and Conversions” (Law Journal Seminars-Press, 1988), and numerous articles on the regulation of depository institutions, financial services, securities and corporate law matters.

She was awarded a B.A. from Goddard College, Plainfield, Vermont, in 1971, and a J.D. in 1975 from Antioch School of Law in Washington, D.C., where she was first in her class.

Oral Statement and Written Testimony below…




Oral Statement

Written Testimony