Yellen picks top Fed banking regulator as acting comptroller

Treasury Secretary Janet Yellen is appointing Michael Hsu, a top banking regulator at the Federal Reserve, as the acting U.S. Comptroller of the  Currency

WASHINGTON -- 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. 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.