ABA-Senators Scrutinize OCC Nominee's Stance on Bank Reg Reform Law.

ENPNewswire-November 22, 2021--ABA-Senators Scrutinize OCC Nominee's Stance on Bank Reg Reform Law

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Release date- 18112021 - Testifying before the Senate Banking Committee today, Saule Omarova-President Biden's nominee to serve as the next comptroller of the currency-faced tough questions from lawmakers on both sides of the aisle about her views on banking, including her opposition to the bipartisan S. 2155 regulatory reform law that was championed by the American Banking Association.

Sens. Jon Tester (D-Mont.) and Mark Warner (D-Va.), both key architects of the landmark 2018 legislation, raised concerns about Omarova's stance on the bill, which she testified against. Warner told the nominee he was 'pretty disappointed' in her views on S. 2155, and that 'I very much disagree with your characterization of the bill.'

During the hearing, Omarova also came under fire for previous comments in which she called for the 'debanking' of what she called 'socially sub-optimal industries,' including oil and gas producers...

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