Comptroller Gould Testifies on Agency Activities — 2026-06-04

WASHINGTON—Comptroller Jonathan V. Gould today testified on the Office of the Comptroller of the Currency’s (OCC) priorities and activities before the U.S. House of Representatives Committee on Financial Services. Excerpts from Comptroller Gould’s testimony are below. The full written testimony can be found here. On risk tolerance: “After the 2008 financial crisis, Washington too often sought to eliminate rather than manage risks, resulting in a less relevant and diverse banking system. This approach drove financial activities into less regulated and visible parts of our economy, making risks harder to monitor and mitigate. The Dodd-Frank Act, far from ending too big to fail, created a ‘moat’ around the largest banks and introduced ‘too-small-to-succeed.’ Unelected bureaucrats discouraged prudent risk-taking and reduced credit availability in many communities. In particular, community banks suffered from these misguided policies.