In remarks made during a recent online event held by the Online Lending Policy Institute, Acting Comptroller of the Currency Brian Brooks indicated that the OCC will soon be issuing a “true lender” proposed rule to supplement its recently-released final rule intended to remove the legal uncertainty created by the Second Circuit’s Madden decision.… Continue Reading
The OCC has announced that Comptroller of the Currency Joseph Otting will step down on May 29, 2020 and Brian Brooks will become Acting Comptroller.
Brian currently serves as the OCC’s Chief Operating Officer and First Deputy Comptroller. Before joining the OCC, Brian had a distinguished career in private legal practice and working in-house in the financial services industry. … Continue Reading