Economics
Yellen Names Fed’s Michael Hsu to Lead OCC on Acting Basis
- Hsu is associate director in Fed’s bank supervision department
- White House has been slow to pick a nominee to lead OCC
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Treasury Secretary Janet Yellen appointed a Federal Reserve official to head the Office of the Comptroller of the Currency on an acting basis, filling a key banking regulation post for which the Biden administration has yet to nominate a permanent leader.