Biden Expected to Nominate Ex-Treasury Official Barr to Lead OCC

President Joe Biden is expected to tap an Obama-era Treasury Department official to lead the agency that oversees Wall Street’s biggest banks, according to people with knowledge of the decision.

Michael Barr, who helped write the 2010 Dodd-Frank Act while serving under Treasury Secretary Timothy Geithner, will likely be nominated to run the Office of the Comptroller of the Currency, said the people, who requested anonymity because the White House hasn’t announced its choice. The OCC regulates and supervises the national banking operations of lenders including JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. ...