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US National Credit Union Administration's Hood named acting head of OCC

( February 7, 2025, 22:31 GMT | Official Statement) -- MLex Summary:  Rodney Hood, a member of the US National Credit Union Administration, has been named acting head of the US Comptroller of the Currency effective Monday.* He will replace Michael Hsu. To become permanent OCC chief, Hood will have to be confirmed by the Senate. The OCC is one of the three main federal banking regulatory agencies. *Corrected Feb. 7, 2025, at 21:41 GMT.  Corrects Hood's position with the OCC.Document follows:...

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