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Otting Leaves OCC After Community Lending Rewrite

May 21, 2020, 3:14 PM

Comptroller of the Currency Joseph Otting announced his resignation just a day after unveiling a sweeping rewrite of a key anti-redlining law and amid a global pandemic that has seen banks called to serve as a key relief mechanism.

Otting did not provide reasons for his sudden departure from the Office of the Comptroller of the Currency in his Thursday announcement. He will be succeeded on an acting basis by Brian Brooks, the OCC’s chief operating officer who, like Otting, previously worked at OneWest Bank.

“I am extremely proud of what the women and men of the agency have accomplished ...