Joseph Otting on Nov. 27 was sworn into office as comptroller of the currency.
In a statement following the ceremony, Otting said, "In my 35 years as a banker, I chose to be regulated by the OCC because I believed in the quality of its personnel and the value of the federal charter. I slept better knowing the OCC was supervising my bank."
Otting's nomination to the role had been questioned by Democrats in light of his previous roles as president and CEO of OneWest Bank Group LLC, which had been accused of unethical foreclosure and robosigning practices. He later became co-president of CIT Group Inc.
Otting succeeds Thomas Curry, who stepped down at the end of his term in May. Keith Noreika served as acting comptroller in the interim.
