The U.S. Department of the Treasury appointed Rodney Hood as Acting Comptroller of the Currency, effective Feb. 10.
Hood succeeds Acting Comptroller Michael Hsu, who had served in the role since May 10, 2021.
“I am grateful for the trust of Secretary Bessent and will work diligently to promote a regulatory environment that is effective without being excessive,” Hood said. “I remain committed to a balanced framework—one that fosters innovation, expands financial inclusion, and ensures that all Americans have fair access to the financial services they need to thrive. I look forward to leading the dedicated career staff at the OCC, whose expertise and commitment are essential to maintaining a safe and sound banking system.”
Hood was previously confirmed by the U.S. Senate in 2005 and again in 2019 to serve on the National Credit Union Administration Board (NCUA). In 2019, President Donald Trump designated him as Chairman of the NCUA Board, making Hood the first African American to lead a federal banking regulatory agency. While at the NCUA, Hood also served as a voting member of the Financial Stability Oversight Council, as the NeighborWorks America Board Chairman, and as Vice Chairman of the Federal Financial Institutions Examination Council.
“As former Chairman of the National Credit Union Administration, Hood’s extensive experience and leadership in financial services will be invaluable in overseeing the safety and soundness of the nation’s banking system while ensuring that America’s leading retail banks can continue to meet the evolving needs of consumers and communities,” Consumer Bankers Association President and CEO Lindsey Johnson said.
Before public service, Hood held senior roles in retail finance, commercial banking, affordable housing, and community development in the private sector.
“The strong leadership and career experience of Rodney Hood will strengthen the OCC’s efforts to ensure the safety and soundness of the banking system while also enhancing economic growth,” Treasury Secretary Scott Bessent said.
The OCC is a bureau within the Department of the Treasury.