Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement after Acting Comptroller of the Currency Brian Brooks announced he will step down from his current position at the OCC:

 

“Acting Comptroller Brooks has been a steadfast advocate for financial technology, regulatory modernization and driven innovation. In his fast tenure, he provided clarity on the ‘true lender’ doctrine, added certainty that loans are ‘Valid-When-Made,’ and worked to ensure lawful companies are not being shut out of the financial system. 

 

“Personally, it was an honor to work with Brian on delivering his smart, aggressive agenda. His time at the OCC was an unmitigated success, and I’m grateful for his service to our nation.”

 

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