The U.S. Department of the Treasury announced Secretary Scott Bessent’s intention to appoint Rodney E. Hood as a Deputy Comptroller and designate him as First Deputy Comptroller of the Office of the Comptroller of the Currency (OCC), a role that would also have him serve as Acting Comptroller of the Currency. Treasury highlighted that the Comptroller of the Currency is appointed by the President with the advice and consent of the Senate, while the Treasury Secretary appoints up to four Deputy Comptrollers and designates one as the First Deputy Comptroller. Under 12 U.S.C. § 4, the First Deputy Comptroller possesses the powers and performs the duties of the Comptroller during a vacancy. Hood was previously confirmed by the U.S. Senate to serve on the National Credit Union Administration Board and was designated its Chairman in 2019, and he has held senior roles across retail finance, commercial banking, affordable housing, and community development in the private sector.
U.S. Department of the Treasury 2025-02-07
U.S. Department of the Treasury announces intention to appoint Rodney E. Hood as First Deputy Comptroller of the Office of the Comptroller of the Currency and Acting Comptroller
The U.S. Department of the Treasury announced Secretary Scott Bessent's plan to appoint Rodney E. Hood as Deputy Comptroller and First Deputy Comptroller of the Office of the Comptroller of the Currency (OCC), where he will also serve as Acting Comptroller. The First Deputy Comptroller assumes the Comptroller's duties during a vacancy, as per 12 U.S.C. § 4. Hood has experience on the National Credit Union Administration Board and in senior roles in retail finance and community development.