Acting Comptroller of the Currency Issues Statement on Order Granting Exemption to Customer Identification Program — 2025-06-27

WASHINGTON—Acting Comptroller of the Currency Rodney E. Hood issued the following statement today in support of the Order granting an exemption to the Customer Identification Program (CIP) rule to benefit both consumers and the banking industry. I support the Order granting an exemption to the Customer Identification Program, or CIP rule, allowing banks to utilize an alternative collection method to obtain Taxpayer Identification Number information from a third party, rather than from a customer, provided that certain other criteria are met. The Order is a good step in the process of Bank Secrecy Act (BSA) modernization. It will benefit both consumers and the banking industry by promoting innovation and financial inclusion and providing banks more flexibility to operate in a manner that suits their business model.