Michael J. Hsu,a top banking regulator at the Federal Reserve,was appointed by Treasury Secretary Janet Yellen on Friday as acting U.S.Comptroller of the Currency.Yellen said that she planned to designate Hsu as first deputy comptroller,which allows him to become acting comptroller.

Yellen picks top Fed banking regulator as Acting Comptroller WASHINGTON (AP) — Michael J. Hsu,a top banking regulator at the Federal Reserve,was appointed by Treasury Secretary Janet Yellen on Friday as acting U.S.Comptroller of the Currency.Yellen said that she planned to designate Hsu as first deputy comptroller,which allows him to become acting comptroller. (1 of 1) Former Fed Chair Janet Yellen speaks with FOX Business Network guest anchor Jon Hilsenrath in the Fox Washington bureau in Washington. Treasury Secretary Yellen announced on Friday, May 7, 2021, that she was appointing Michael J. Hsu, a top banking regulator at the Federal Reserve, to be the acting U.S. Comptroller of the Currency. Yellen said that she planned to designate Hsu as first deputy comptroller which will allow him to serve as acting comptroller. May 07, 2021 The Office of the Comptroller of the Currency is the agency within the Treasury that regulates all national banks in the country. When Hsu takes the deputy's job on Monday he will assume the role of acting comptroller, Yellen said. Under the law, the comptroller is appointed by the president with confirmation required by the Senate. The Treasury secretary is responsible for appointing up to four deputy comptrollers and designating one as the first deputy comptroller with the power to perform the duties of the comptroller on an acting basis if the comptroller's job is vacant. The choice of Hsu as acting comptroller allows the Biden administration to have someone in a key banking regulatory post until it can resolve an internal administration debate about who will take the job permanently. Progressives raised strong objections when it was reported that the Biden administration was considering Michael Barr for the comptroller job. Barr served at the Treasury Department during the Obama administration. In a statement announcing the appointment of an acting comptroller, Yellen praised the job Hsu had done while regulating the nation's largest bank holding companies while at the Fed. “Mike has devoted his career to the stability and supervision of America's banking system,” Yellen said in a prepared statement. “He is among the most talented and principled regulatory officials that I have had the pleasure of working with.” -------------------------------- Experts opined that US Poor & US Middle Class from all Races vote for Joe Biden,while Rich from All Races for Trump,but Joe Biden with Democrats/US Moderates must prevent Trump with his Republican Hardliners & Trump/Putin US Coordinators from blocking or frustrating Voters from Voting. I,Mazilieralworks,Primarily to inform,theorize,Caution,Dialogue,Expose or to educate All People & not to engage or to join issues with any Gullible,Misinformed,Ignorant or Bankrupt Cronies or Hired Sycophants on any Mazilieralworks Issue or literal Article. Gratefully to late US President George Bush for his Successes,on his 13 years as CIA Boss,greatly straightened the US & Western Economically/Globally in 1970s during his Active Service,when the US had past Economic Problems & on his Assistance to Nigeria 1977,with his Vast Experiences. xxxxxxxxxxxxxx View my articles on these websites: http://maziliteralworks.wordpress.com http://maziliteralworks.blogspot.com https://medium.com/me/stories/public http://disqus.com/home/channel/mazipatrick/ https://maziliteralworks.tumblr.com https://twitter.com/Maziliteraworks Regards, Mazi Patrick O. email: akwaba2000@gmail.com Thinker, Writer, Political Strategist, Historian & Psychoanalyst.... As to publish our literal work,pls you/your company can assist us with anything