MBA Statement on Rodney Hood’s Appointment to be Acting Comptroller of the Currency

MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on Treasury Secretary Scott Bessent’s intention to appoint Rodney Hood as Acting Comptroller of the Currency:

“Rodney Hood’s extensive experience and knowledge in financial services and regulation, including as Chairman of the National Credit Union Administration during the first Trump administration, will serve him well as Acting Comptroller and as a board member of the Federal Deposit Insurance Corporation.

“MBA congratulates Rodney Hood on this distinguished appointment, and we look forward to his insights on how to bring more innovation to the banking sector and ensuring it serves the needs of all Americans. We will also continue to advocate for changes that would increase banks’ participation in the mortgage market, while maintaining a safe and sound bank capital framework. In particular, recalibrating risk-weights for mortgage servicing rights and warehouse lending would both increase bank activity in the space and lower costs for consumers.”