As part of a series of transition team meetings, CRC and some of its members last month met with Michael Barr, who is likely to be nominated to lead the Office of the Comptroller of the Currency (OCC). If confirmed, Barr will succeed Brian Brooks, who has led the agency in an acting role since May.
Barr was identified as a potential nominee quickly by President Joe Biden who on Wednesday, alongside Vice President Kamala Harris, was sworn into office. Biden has wasted little time in filling other key positions of his Cabinet with highly-visible leaders in the areas of housing and banking.
So far, Rohit Chopra has been confirmed as the next director of the Consumer Financial Protection Bureau; Jenn Jones, Chief of Membership and Policy at the National Community Reinvestment Coalition, has been appointed to Chief of Staff at the U.S. Department of Housing and Urban Development (HUD); and Janet Yellen, former Federal Reserve chair, has been pegged as the Secretary of the Treasury.
CRC’s met with Barr to discuss ways for the new Administration to fight white supremacy, end systemic racism, and ensure fair housing and fair lending.
“We hope to continue our close work with the new Administration to address the economic and racial injustices that plague California and the nation,” said CRC Deputy Director Kevin Stein, who led the transition team meetings.