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Trump Administration Moves to Appoint New Comptroller of the Currency

Comptroller of the Currency Thomas Curry

Comptroller of the Currency Thomas Curry

On Tuesday, the Office of the Comptroller of the Currency announced the stepping down of Comptroller Thomas Curry on May 5. That day, U.S. Treasury Secretary Steven Mnuchin announced his intention to appoint Keith Noreika as a Deputy Comptroller and designate him the First Deputy Comptroller of the Office of the Comptroller of the Currency (OCC).

“Keith Noreika has deep experience in helping banks operate in a safe and sound manner, provide fair access to financial services, and provide credit needed for business expansion and job growth,” said Treasury Secretary Steven Mnuchin. “I am confident that he will capably lead the OCC in carrying out its important mission.”

Curry had completed his five-year term on April 9, and has been serving on an extension since that time. Noreika will become Acting Comptroller of the Currency on May 5 and is currently a partner at Simpson Thacher & Bartlett LLP and was a partner at Covington & Burling, specializing in banking regulation.

“Serving as Comptroller of the Currency has been the highlight of my career,” said Comptroller Curry. “The Comptroller is a special job and I am proud to have served with 4,000 men and women who showed such deep dedication to the agency’s mission of ensuring the safety and soundness of the federal banking system and the fair treatment of its customers.”

In his statement, Secretary Mnuchin expressed his appreciation of Comptroller Curry’s service as well.

“Under Comptroller Curry’s stewardship, the OCC has effectively worked to advance its mission to ensure that national banks and federal savings associations operate in a safe and sound manner,” said Secretary Mnuchin. “I congratulate and thank him for his commitment to public service.”

Noreika has been an adjunct faculty member at the University of Pennsylvania Law School and the University of Virginia School of Law. He received his juris doctor in 1997 from Harvard Law School, where he was editor of the Harvard Law Review. He earned his bachelor of science from The Wharton School of the University of Pennsylvania in 1994.

About Author: Seth Welborn

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