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Mr. Hood became Acting Comptroller of the Currency on February 10, 2025. As Acting Comptroller of the Currency, Mr. Hood is the administrator of the federal banking system and chief executive officer of the Office of the Comptroller of the Currency (OCC). The OCC ensures that the federal banking system operates in a safe and sound manner, provides fair access to financial services, treats customers fairly, and complies with applicable laws and regulations.
The OCC published Interpretive Letter 1183 to confirm that crypto-asset custody, certain stablecoin activities, and participation in independent node verification networks such as distributed ledger are permissible for national banks and federal savings associations.
May 1, 2025 | 9:30 - 10:00 a.m. EDT
Acting Comptroller Rodney E. Hood will discuss the OCC’s work addressing debanking, promoting bank-fintech partnerships and supporting financial inclusion in a Q&A at the 2025 Innovative Payments Conference.
The OCC is working to right-size regulations, so they are effective without being excessive, and empower financial institutions to better serve their communities.
It is critical for all Americans to have fair access to the financial services they need so they can fully participate in the nation’s economy.
Bank-fintech partnerships can provide innovative ways to enhance the customer experience and improve operational efficiency.
The OCC is developing a regulatory framework for digital assets while maintaining the safety, soundness and fairness of the banking system.
Acting Comptroller of the Currency Rodney E. Hood discusses the importance of community banks with American Bankers Association (ABA) President and CEO Rob Nichols at the ABA Conference for Community Bankers in Phoenix, Arizona, February 18, 2025.
