"Spring Labs is transforming financial data exchange in a way that is better for consumers," Brooks said in a press release. "I launched my financial inclusion initiative Project REACH while at the OCC, and I look forward to working with the Spring Labs team to bring the benefits of financial services to more Americans, while reducing cost and increasing security for everyone."
Late last year, Spring Labs announced its fraud-prevention work with lenders in the clean-energy financing space. In Monday's press release it touted partnerships with over 50 financial institutions, including GM Financial, SoFi and Avant.
"We are thrilled that [Brooks] shares our vision as we build the secure rails for data exchange," Spring Labs co-founder Adam Jiwan said in a statement.
Under Brooks, the OCC published a number of interpretative letters on how national banks can interact with the cryptocurrency space, with particular attention paid to stablecoins and their issuers.
Prior to joining the public sector, Brooks served as the chief legal officer of Coinbase.
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