Hood Appointed Acting Comptroller of the Currency

 

The Trump administration on Friday appointed former NCUA Chair Rodney Hood E. Hood as acting comptroller of the currency.

Treasury Secretary Scott Bessent said Hood’s appointment is effective Monday.

Hood served as chair of the NCUA Board from April 2019 to January 2021. He was also vice chair from 2005 to 2009.

I am grateful for the trust of Secretary Bessent and will work diligently to promote a regulatory environment that is effective without being excessive,” Hood said in an OCC news release.

“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,” Hood said.

The North Carolina native holds a bachelor’s degree from the University of North Carolina at Chapel Hill.

Hood’s appointment drew congratulations from Bob Broeksmit, president/CEO of the Mortgage Bankers Association.

“Rodney Hood’s extensive experience and knowledge in financial services and regulation, including as Chairman of the National Credit Union Administration during the first Trump administration, will serve him well as Acting Comptroller and as a board member of the Federal Deposit Insurance Corporation,” Broeksmit said.

“We look forward to his insights on how to bring more innovation to the banking sector and ensuring it serves the needs of all Americans,” he said.

Contact Jim DuPlessis at JDuPlessis@cutimes.com.