New leader takes office at OCC
Thomas Curry took office Monday as the new Comptroller of the Currency.
President Obama nominated Curry in July 2011. The Senate confirmed him in March. Curry replaces former Acting Comptroller of the Currency John Walsh, who joined the OCC in August 2010.
"The OCC's distinguished history and the professionalism and dedication of its men and women make the OCC a special place," Curry said in a statement. "Its mission of ensuring the safety and soundness of America's national banks and federal savings associations has never been more important or more challenging."
Curry previously served as director of the Federal Deposit Insurance Corp. since January 2004.
Under Walsh, the OCC led consent orders against national mortgage servicers in April 2011 as part of the robo-signing crackdown. The consent orders, which included the first set of national servicing standards, also included foreclosure reviews, which are under way.
Walsh returns to his position as chief of staff and public affairs at the OCC, according to an agency spokesman.
The OCC also absorbed the Office of Thrift Supervision last summer as required under the Dodd-Frank Act.
At the end of last year, the OCC supervised more than 2,000 financial institutions totaling more than $9.6 trillion in assets.