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Treasury Secretary says Trump has approved new bank regulator

Treasury Secretary says Trump has approved new bank regulatorPresident Donald Trump has made his selection for the next full-time head of the Office of the Comptroller of the Currency, according to U.S. Treasury Secretary Steven Mnuchin. Testifying before lawmakers on Thursday, Mnuchin did not name the person tapped for the job, but said the decision had been made and the individual is going through background checks before a formal announcement. The comptroller position is currently being filled in an acting capacity by Keith Noreika, an attorney whom Mnuchin named as interim head earlier in May. Noreika replaced Thomas Curry, who had served as comptroller under President Obama.

Source: Yahoo Finance

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