WASHINGTON—The Office of the Comptroller of the Currency is laying off 76 probationary employees, aligning with other federal banking regulators reducing staff under a directive from President Donald Trump, Bloomberg Law reported.
According to a Friday all-staff email from acting Comptroller of the Currency Rodney Hood, obtained by Bloomberg Law, the probationary employees have been placed on administrative leave until March 8, when their terminations will officially take effect.
The termination process aligns with the Office of Personnel Management’s Jan. 20 guidance on probationary periods and administrative leave, Hood said.
“On behalf of the Executive Committee, I extend our heartfelt thanks to these employees for their federal service,” Hood’s email said, according to Bloomberg Law. “We remain committed to ensuring a dignified transition process for them and supporting all OCC employees throughout these changes.”
Bloomberg Law said the bulk of the firings appear to have hit the OCC’s midsize and community bank examiners around the country.
As CUToday.info has reported, Russell Vought, acting director of the CFPB, has shut down the agency and let go more than 150 employees.