Michael Hsu, the acting comptroller of the currency, has gone silent after initially siding with fellow Democrats on a bank merger review.
OCC
Posted inMoney, Politics, and Power
Here’s How Biden Could Override the Democrats Protecting Wall Street
Saule Omarova, whose nomination is in trouble partly due to progressives’ botched defense, could be appointed as first deputy and run the OCC in an acting capacity.
Posted inEconomic Policy
Wall Street’s Attacks on Biden Nominee Are a Red Herring
Industry criticism of OCC pick Saule Omarova for wanting to end private banking masks their real fear of losing their derivatives businesses.
Posted inMoney, Politics, and Power
House Democrat Leading Effort Against Key Consumer Protection
Rep. Josh Gottheimer is lobbying against a resolution that would end the practice of predatory lenders charging astronomical interest rates on consumer loans.
Posted inEconomic Policy
The Fed Becomes the Nation’s Only Bank Regulator
A series of Federal Reserve officials have moved into key regulatory slots at other agencies.
Posted inMoney, Politics, and Power
Will Democrats Rally to Prevent Predatory Lending?
A majority-vote resolution would overturn a Trump-era rule that facilitates the evasion of state interest-rate caps.
Posted inMoney, Politics, and Power
Bank Regulator Could Block Disgraced Ex–Wells Fargo CEO From $20 Million Payout
Joe Biden has hesitated in naming someone to run the Office of the Comptroller of the Currency. The result could be a golden parachute for Tim Sloan.
Posted inCabinet Watch
Fintech Loves This Rumored Biden Nominee
A leading contender to run the Office of the Comptroller of the Currency, Michael Barr, has a particular cheering section among the shadiest of online financial operators.