A White House press release announcing Joseph Otting's nomination to comptroller of the currency at the Treasury Department falsely implied that he has a Dartmouth degree, according to New England Cable News, a unit of NBC Universal.

"Mr. Otting holds a B.A. from the University of Northern Iowa and is a graduate of the School of Credit and Financial Management at Dartmouth College," says the White House release, dated June 5.

A spokeswoman for Dartmouth confirmed with CNBC that Otting is not a graduate of Dartmouth, nor does the university have a school of credit and financial management.

Otting did attend the School of Credit and Financial Management, though it is a continuing-education program run by the National Association of Credit Management, the New England Cable News reported. It is currently taught for a total of roughly 20 days over two years, according to the program's website, and no longer on the campus of Dartmouth.

The program was once held at Dartmouth College, the New England Cable News reported, but it was never affiliated with the school. It is now held at American University and is not connected with the institution, according to the program's website.

The White House emailed a statement to the New England Cable News acknowledging its error on Wednesday.

Read the full New England Cable News report here.

Clarification: This story has been updated to reflect the nature of the exact statement that was issued by the White House.