Davis Polk partner Dan Stipano was quoted in American Banker regarding the delay in the confirmation of a new comptroller of the currency and the challenges in confirming an acting comptroller.

“The political stakes for any acting official interested in full-time confirmation would be difficult under typical political conditions. It’s always hard being an acting comptroller under any circumstances, even one who’s appointed by the administration,” Dan said.

“Will acting OCC chief get the job for the long term?” American Banker (December 21, 2021) (subscription required)

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