Senate Banking panel approves Trump's Fed, comptroller nominees
Source: The Hill
BY SYLVAN LANE - 09/07/17 09:47 AM EDT
The Senate Banking Committee on Thursday approved the nominations of two of President Trump’s top financial regulatory nominees, sending them to the full Senate for consideration.
The panel approved Randal Quarles to serve as Federal Reserve vice chairman for supervision and Joseph Otting to serve as comptroller of the currency along party lines.
Only Sen. Heidi Heitkamp (D-N.D.), who is up for reelection in 2018 in a state Trump won by large margin, voted with all Republicans to approve Otting. Sens. Jon Tester (D-Mont.), Joe Donnelly (D-Ind.), Chris Van Hollen (D-Md.) and Mark Warner (D-Va.) voted with Heitkamp and all Republicans to approve Quarles; Tester and Donnelly are up for reelection next year.
Quarles and Otting should face little difficulty clearing the GOP-controlled Senate. The two will play major roles in the Trump administration’s efforts to reshape financial regulation and “dismantle” the Dodd-Frank Act.
Read more: http://thehill.com/policy/finance/349603-senate-banking-committee-approves-trumps-fed-comptroller-nominees
= new reply since forum marked as read
And now the predators have the means to revisit and create another 2008 melt down:
Established by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, CFPB is charged with overseeing the Federal financial laws that specifically protect consumers—people who keep their money in banks and credit unions, pay for goods and services with their credit cards, and rely on loans to buy homes
This is just outrageous.......................
