US OCC Chief Abstains from Voting on Bank Resolution Plans, Calls Process 'Seriously Flawed'
Jonathan V. Gould, US Comptroller of the Currency, has abstained from a vote on feedback regarding bank resolution plans submitted in July 2025 under Section 165(d) of the Dodd-Frank Act. While both FDIC and Federal Reserve found no major issues with these updated 'living wills', Gould criticized the process as fundamentally flawed.
Topics: Dodd-Frank Act FDIC Federal Reserve Board living wills resolution plans