Jonathan V. Gould, acting comptroller of the currency at the Office of the Comptroller of the Currency, said he voted against a joint resolution plan feedback letter sent to American Express by the Federal Deposit Insurance Corporation and the Board of Governors of the Federal Reserve System. In a statement, Gould explained the basis for his dissent and reiterated his view that the resolution planning framework under Section 165(d) of the Dodd-Frank Act needs reform. The update centers on the regulatory process around resolution plans rather than any newly disclosed action involving American Express beyond the feedback letter itself. The statement, as cited by Techub News, focused on Gould’s opposition vote and his broader call to revise the current approach under the law.
Jonathan V. Gould, acting comptroller of the currency at the Office of the Comptroller of the Currency (OCC), issued a statement explaining why he voted against a joint resolution plan feedback letter sent to American Express by the Federal Deposit Insurance Corporation (FDIC) and the Board of Governors of the Federal Reserve System.
In that statement, Gould reiterated the need to reform resolution planning under Section 165(d) of the Dodd-Frank Act.
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