Members of Congress Plan to Grill OCC Over Fintech Regulator Who Faked His Resume

A congressional committee is preparing to question officials from the federal banking regulator, the Office of the Comptroller of the Currency, over the appointment of its first chief financial technology officer, who The Information reported fabricated his work history to get the $300,000-a-year job.

The House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology and Inclusion has asked representatives of the OCC to appear at a hearing on Tuesday. A committee staffer said representatives are expected to probe how the agency came to appoint Prashant Bhardwaj as deputy comptroller and head of its newly established Office of Financial Technology in March. Bhardwaj quietly left the role just months after he started.