Rodney Hood Named Acting Head of OCC, Succeeding Michael Hsu

Treasury Secretary Scott Bessent announced that he will appoint Rodney Hood as acting Comptroller of the Currency, a top US banking regulator.

“I remain steadfastly committed to serving the American people and the banking system by creating a regulatory structure that fulfills our obligations, fosters innovation, and promotes financial inclusion, including those Americans who have been debanked and underserved,” Hood said Friday in a statement from the Treasury Department.

Hood will replace Michael Hsu, the OCC’s acting comptroller since 2021.

Hsu was a vocal criticof banks’ growth and urged his colleagues to rein in institutions before they became ...