Inside the Surprise Battle Over the OCC’s Leadership
The Office of the Comptroller of the Currency is in flux. President Trump just nominated Acting Comptroller Brian Brooks to serve as the leader for a five-year term, but it’s not clear he can be confirmed in time, or that the Biden administration will keep him there even if he is. American Banker reporter Brenden Pedersen gives the inside scoop on the Trump administration’s 11th-hour gambit, how President-elect Biden is liable to respond, and the impact the leadership battle will have on CRA, the proposed payments charters and more.
