Chief Banking Regulator Announces Departure

Law360, New York (July 8, 2010, 6:06 PM EDT) -- Comptroller of the Currency John C. Dugan said Thursday that he will be resigning from his post effective Aug. 14, creating a critical vacancy at the top of the federally chartered banking system just as major financial regulatory reforms are poised to reshape the financial services sector.

Dugan, who left his position as a partner with Covington & Burling LLP's financial institutions practice to lead the Office of the Comptroller of the Currency under President George W. Bush in 2005, said in a letter addressed to...
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