On June 23rd, the Office of the Comptroller of the Currency ("OCC") released its 17th annual Survey of Credit Underwriting Practices. The survey showed some signs of easing especially in commercial products. While the OCC notes that some easing of standards is normal and healthy as the economic environment stabilizes, Dave Wilson, Senior Deputy Comptroller for Bank Supervision Policy and Chief National Bank Examiner, warned that "[w]e need to remember that overly liberal underwriting standards contributed to extremely high credit losses. The pace of easing standards in products like leveraged lending is disconcerting and warrants close attention." OCC Press Release.