The Office of the Comptroller of the Currency published a letter from Acting Comptroller Rodney E. Hood responding to the Conference of State Bank Supervisors’ request that the OCC rescind its preemption regulations, reaffirming preemption as a cornerstone of the dual banking system and stating that the OCC’s rules are consistent with federal law and Supreme Court precedent.
Office of the Comptroller of the Currency 2025-06-09
Office of the Comptroller of the Currency defends its federal preemption regulations after state supervisors call for rescission
The Office of the Comptroller of the Currency (OCC) released a letter from Acting Comptroller Rodney E. Hood, addressing the Conference of State Bank Supervisors' request to rescind OCC's preemption regulations. Hood reaffirmed preemption as fundamental to the dual banking system, asserting that OCC's rules align with federal law and Supreme Court precedent.