ICBA’s concerns with the nomination of Cornell University law professor Saule Omarova for comptroller of the currency continued generating headlines.
OCC nomination continues generating press
October 12, 2021 / By ICBA
ICBA’s concerns with the nomination of Cornell University law professor Saule Omarova for comptroller of the currency continued generating headlines.
ICBA’s concerns with the nomination of Cornell University law professor Saule Omarova for comptroller of the currency continued generating headlines.
Coverage: Reason cited ICBA’s concerns with President Joe Biden’s announcement last month that he intends to nominate Omarova to head the OCC following similar coverage from The New York Times.
Proposals: The articles note ICBA concerns with Omarova’s proposals to overhaul the banking system. In a recent news release, ICBA cited her proposals to:
- Migrate the retail banking system to the Federal Reserve.
- Establish government banking FedAccounts that the Fed is not legally permitted to offer.
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