Acting Comptroller of the Currency Discusses Regulatory Priorities

WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today testified before the U.S. House Financial Services Committee on the agency’s efforts to ensure that national banks and federal savings associations operate in a safe, sound, and fair manner.

His testimony discussed his regulatory priorities of guarding against complacency by banks, reducing inequality in banking, adapting to digitalization, and managing climate-related financial risks. Acting Comptroller Hsu also discussed the OCC’s work to promote the health and viability of community banks and minority depository institutions that the agency supervises.

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