The White House is considering people tied to OneWest, a mid-sized bank formerly run by Treasury Secretary Steven Mnuchin, for regulatory posts.
Wells Fargo & Co. fired four managers and denied them 2016 bonuses in the aftermath of its consumer fraud scandal.
President Donald Trump’s pool of potential hires to fill key vacancies at the Federal Reserve skews toward banking industry veterans rather than academics.
President Donald Trump’s administration is actively considering firing Consumer Financial Protection Bureau Director Richard Cordray, according to GOP aides and lobbyists familiar with the conversations.
Andrew Puzder withdrew his nomination for secretary of labor after increased scrutiny from senators on both sides of the aisle. Trump’s new nominee, Alexander Acosta, is Florida International University’s law school dean, chairman of U.S. Century Bank and a former member of the National Labor Relations Board.
Speaker Paul Ryan (R-Wis.) emphasized the immediate need for a comprehensive tax overhaul as conservative group Americans for Prosperity intensified its criticism of the House GOP’s border adjustment tax plan. Senate Majority Whip John Cornyn (R-Texas) said the provision was “on life support.”
Now that Andy Puzder has withdrawn his nomination for labor secretary, the White House is considering four potential candidates: former National Labor Relations Board members Peter Kirsanow and R. Alexander Acosta; Michigan State University professor Joseph Guzman; and former South Carolina labor department chief Catherine Templeton.
Speaker Paul Ryan (R-Wis.) met with Senate Republicans, including Finance Committee members John Cornyn (Texas), John Thune (S.D.) and Tim Scott (S.C.), to advocate for the House GOP’s border adjustment tax proposal. Some of those senators still have reservations about the plan.
The Senate confirmed Steven Mnuchin as the next treasury secretary on Monday in a mostly party-line vote, with Democrat Joe Manchin (W.Va.) voting with Republicans. Mnuchin now faces challenges on tax policy and regulation.
Former American International Group Inc. Chief Executive Hank Greenberg agreed to pay about $9 million to settle a 12-year-old accounting fraud case with the New York attorney general’s office.