Former Comptroller of the Currency (OCC) John Dugan, a key regulatory player in the 2008 financial crisis, has accepted a position with the Washington law firm of Covington & Burling.

Dugan, who left the OCC in August, will chair the law firm's financial institutions group, drawing on his experience shaping the Dodd-Frank Wall Street reform legislation. (Dugan was an opponent of MBS risk retention language that was eventually adopted I the bill.)

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