Yellen taps top Fed aide to serve as acting bank cop

Treasury Secretary Janet Yellen has tapped Federal Reserve official Michael Hsu to serve temporarily as one of the nation’s top bank cops, according to two people familiar with the matter, the latest development in a contentious personnel fight.

Hsu will serve as the acting head of the Office of the Comptroller of the Currency, an independent agency housed in Treasury that is responsible for overseeing national banks.