US OCC chief calls banks’ living wills ‘seriously flawed’ and abstains from vote

US OCC chief calls banks’ living wills ‘seriously flawed’ and abstains from vote

U.S. Comptroller of the Currency Jonathan V. Gould has abstained from a Federal Deposit Insurance Corporation (FDIC) vote on staff comments related to July 2025 Dodd-Frank Act Section 165(d) resolution plans. The FDIC and the Federal Reserve Board published comment letters covering several resolution plans filed in July 2025. Resolution plans, commonly described as living…

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