GOP paints Biden’s choice for bank regulator as radical

Published November 18, 2021 9:31 AM

By KEN SWEET
AP Business Writer

WASHINGTON (AP) — President Joe Biden’s choice to run one of the agencies charged with overseeing the banking industry faced sharp questioning Thursday from Republican Senators, who tried to label Saule Omarova as someone who would nationalize the U.S. banking system. Omarova, 55, was nominated in September to be the nation’s next comptroller of the currency. If confirmed, she would be the first woman and person of color to run the 158-year-old agency.

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