Scott Polakoff, acting director of the Office of Thrift Supervision has been placed on leave as the Treasury Department continues its probe of how the agency has regulated some federally chartered thrifts, according to media reports.
"OTS Senior Deputy Director and Chief Operating Officer Scott M. Polakoff, who was serving as Acting Director, is on leave pending a review by the Department of the Treasury of the OTS's August 2008 actions related to post-period capital contributions" the agency said.
OTS Chief Counsel, John Bowman, has been named acting director.
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