Treasury Secretary Janet Yellen plans to name a Federal Reserve bank regulator, Michael Hsu, as acting comptroller of the currency, the Wall Street Journal reported Wednesday.
Hsu currently serves as associate director of the Fed’s bank supervision and regulation division. Yellen will appoint him to the role of first deputy comptroller, after which he will assume the role of acting comptroller of the currency.
The Office of the Comptroller of the Currency oversees federally chartered banks, including Goldman Sachs Group. Inc. and Wells Fargo & Co. .
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