Elizabeth Warren

Democrats criticize financial industry backgrounds of two Trump bank regulator nominees

Democrats criticize financial industry backgrounds of two Trump bank regulator nominees

Senate Democrats on Thursday criticized the financial industry backgrounds of President Trump’s nominees for two key banking regulatory positions, arguing they would not protect the interests of average Americans.

Sens. Sherrod Brown (D-Ohio), Elizabeth Warren (D-Mass.) and others sharply questioned Joseph Otting, the former chief executive of Pasadena’s OneWest Bank, and investment fund manager Randal Quarles during a confirmation hearing by the Senate Banking Committee.

Trump nominated Otting to be the comptroller of the currency, a powerful regulator of...

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