ALEXANDRIA, Va. (May 22, 2020) – National Credit Union Administration Chairman Rodney E. Hood issued the following statement regarding Comptroller Joseph Otting’s announcement that he is stepping down as Comptroller of the Currency.
“Having known Joseph for many years prior to our time as federal financial regulators, I have witnessed firsthand his resilient commitment and significant impact on the financial services industry.
“I commend him for his leadership and service to our nation and to the Office of the Comptroller of the Currency. Under his leadership, the agency has grown and thrived with its renewed focus on economic opportunity and regulatory reform.
“It has indeed been an honor to serve alongside him, and I wish him all the best in his future endeavors.”