Five Moderate Dem Senators Reject Biden’s Pick for Top Bank Watchdog

Saule Omarova, President Biden’s nominee to head the Office of the Comptroller of the Currency, answers at a hearing of the Senate Banking Committee at the U.S. Capitol in Washington, D.C., November 18, 2021. (Tom Brenner/Reuters)

Five prominent moderate Democratic senators have vowed to reject President Biden’s nominee, Saule Omarova, for the nation’s top bank watchdog role over her aggressive approach to regulating the financial sector.

Democratic members of the Senate Banking Committee Jon Tester, Mark Warner, and Kyrsten Sinema (D., Ariz.), as well as Democratic Senators John Hickenlooper and Mark Kelly have all declared their opposition to Omarova as head of Office of the Comptroller of the Currency. Biden officials still endorse Omarova, even though her confirmation is increasingly unlikely given these lawmakers’ disapproval.

“The White House continues to strongly support her historic nomination,” a White House official told Axios.

“Saule Omarova is eminently qualified for this position,” the official added. “She has been treated unfairly since her nomination with unacceptable red-baiting from Republicans like it’s the McCarthy era.”

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