Acting Comptroller Rodney E. Hood Discusses Regulatory Sandboxes

Office of the Comptroller of the Currency · April 30, 2025

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Need for an updated regulatory framework

Presentation

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Unidentified Speaker (Office of the Comptroller of the Currency) said the U.S. needs a financial regulatory framework that keeps pace with consumer, business and community needs and preferences and stressed urgency that regulation match innovation speed.

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An unidentified speaker representing the Office of the Comptroller of the Currency urged use of regulatory sandboxes to help banks and fintechs test products that comply with rules and protect consumers, and said the OCC will develop a regulatory construct to facilitate such sandboxes; no timeline was provided.

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Transcript

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