Comptroller of the Currency

img-comptrollers-viewpoint

Comptroller of the Currency

img-comptrollers-viewpoint

Comptroller of the Currency

img-comptrollers-viewpoint

Michael J. Hsu

Acting Comptroller of the Currency

Michael J. Hsu became Acting Comptroller of the Currency on May 10, 2021, upon his designation as First Deputy Comptroller by Secretary of the Treasury Janet Yellen. The OCC charters, regulates and supervises all national banks and federal savings associations and ensures that they operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations.

Comptroller Appearances

Acting Comptroller Hsu participates in a wide variety of public events. Information on his appearances is updated at least weekly and available on the Comptroller Appearances page.

Acting Comptroller Hsu's Priorities

Quotation Mark
Changes in banking are being driven by the mass adoption of digital technology, innovation in payments, and an explosion in cryptocurrency activities and decentralized finance where banks are bypassed...How are we, as regulators, going to adapt?”
Comptroller of the Currency Banner

Adapting to Digitalization

The business of banking is rapidly changing with the mass adoption of digital technologies. These innovations can provide convenience and accessibility, but also have the potential to bring risks.

Learn More

Quotation Mark
Greater caution and risk management vigilance is warranted today, perhaps more than at any time in recent memory.”


Comptroller of the Currency Banner

Guarding Against Complacency

Overconfidence leading to complacency is a risk especially during periods of growth and innovation. To protect the gains in trust made since the financial crisis, banks and regulators must remain vigilant.

Learn More

Quotation Mark
The OCC is laser-focused on the safety and soundness aspects of climate change risks.”


Comptroller of the Currency Banner

Acting on Climate Risk

Climate change presents risks to the financial system. The increased frequency, severity, and volatility of extreme weather affects the value of financial assets and borrowers' credit worthiness.

Learn More

Quotation Mark
Historically, many low-income individuals have been treated by banks as either credits to be avoided or credits to be exploited. The OCC can help address that problem.”
Comptroller of the Currency Banner

Reducing Inequality

Reducing inequality in banking must be a national priority, and banks can play an important role in closing the wealth gap. The OCC’s twin mission of ensuring that banks provide fair access to financial services and treat customers fairly speaks to these challenges.

Learn More

Financial Health: Vital Signs Discussion Series

Episode 1: Minority Ownership of Cryptocurrency

On April 28, 2022, Acting Comptroller of the Currency Michael J. Hsu launched the Financial Health: Vital Signs quarterly discussion series to explore issues relating to the financial wellbeing of consumers. The first event featured a discussion about minority ownership of cryptocurrency with John Hope Bryant, the founder, CEO and Chairman of Operation Hope, and Professor Tonya Evans of Penn State Dickinson Law.

Follow the OCC

Acting Comptroller Hsu spoke at the @CDBankers 2022 Peer Forum

Acting Comptroller Discusses Community Reinvestment Act

On June 3, Acting Comptroller Hsu joined Vice Chair of the Federal Reserve Brainard and Acting Chairman of the FDIC Gruenberg at the Urban Institute to discuss the joint proposal to strengthen and modernize regulations implementing the Community Reinvestment Act (CRA). Members of the public may submit comments on the proposal until August 5, 2022.

Learn More About the OCC

Annual Report Image

Annual Report

Discusses the Comptroller's priorities for the year ahead, the agency’s accomplishments, and the state of the financial industry.

Key Data and Statistics  Image

Key Data & Statistics

Explore data and statistics about the OCC and the federal banking system, licensing activities, enforcement actions, and more.

Strategic Plan Image

Strategic Plan

Provides an overview of the agency's mission, vision, goals, and core values.