Rodney E. Hood Announced as Acting Comptroller of the Currency
WASHINGTONâToday, the U. S. Department of the Treasury announced the
appointment of Rodney E. Hood as Acting Comptroller of the Currency,
effective February 10, 2025. U. S. Secretary of the Treasury Scott
Bessent designated Mr. Hood pursuant to his authority in 12 U. S. C.
4.
âI am grateful for the trust of Secretary Bessent and
will work diligently to promote a regulatory environment that is
effective without being excessive,â said Mr. Hood. âI remain
committed to a balanced frameworkâone that fosters innovation,
expands financial inclusion, and ensures that all Americans have fair
access to the financial services they need to thrive. I look forward
to leading the dedicated career staff at the OCC, whose expertise and
commitment are essential to maintaining a safe and sound banking
system. â
Mr. Hood succeeds Acting Comptroller Michael J.
Hsu, who has served in the role since May 10, 2021.
"I thank
Mr. Hsu for his many years of dedicated public service and his
commitment to strengthening the resilience of the U. S. banking
system," said Mr. Hood.
Mr. Hood was previously confirmed by
the U. S. Senate in 2005 and again in 2019 to serve on the National
Credit Union Administration Board (NCUA). In 2019, President Donald J.
Trump designated him as Chairman of the NCUA Board, making Hood the
first African American to lead a federal banking regulatory agency.
While at the NCUA, Hood also served as a voting member of the
Financial Stability Oversight Council, as the NeighborWorks America
Board Chairman, and as Vice Chairman of the Federal Financial
Institutions Examination Council.
Before public service, Mr.
Hood held senior roles in retail finance, commercial banking,
affordable housing, and community development in the private sector.
A North Carolina native, Mr. Hood holds a bachelorâs degree
from the University of North Carolina at Chapel Hill.