McWilliams welcomes OCC acting comptroller Brooks to FDIC Board

The head of the Federal Deposit Insurance Corp. (FDIC) on Monday issued a statement welcoming the acting head of the Office of the Comptroller of the Currency (OCC) to the FDIC Board, noting she looked forward to working with him “on our shared goals to, among others, promote financial stability, maintain public confidence in our regulatory agencies, and foster technological innovation in our banking sector.”

Brian P. Brooks, first deputy comptroller at the OCC, took over as acting comptroller last week upon the departure of former Comptroller Joseph P. Otting. The comptroller is one of two external members of the FDIC Board; the other is the director of the Consumer Financial Protection Bureau (CFPB), Kathleen Kraninger.

In Monday’s statement, FDIC Chairman Jelena McWilliams said Brooks’ background in banking and technology “will be a tremendous asset to the FDIC as we continue our work on innovation, implementing technological solutions to modernize supervision, and removing unnecessary regulatory obstacles to partnerships between banks and fintechs.”

Statement by FDIC Chairman Jelena McWilliams on Acting Comptroller of the Currency Brian P. Brooks