Biden pick for top regulator under fire for floating ‘radically reshaping’ system to ‘end banking’

Published October 3, 2021 11:00am ET



Saule Omarova has advocated for ending banking “as we know it” — and she is now in contention to oversee the country’s banks.

Late last month, President Joe Biden announced his intent to nominate Omarova, a Cornell University law professor, to be comptroller of the currency. Her nomination is expected to generate fierce opposition from Republicans and could be derailed by just one centrist Democrat’s vote.

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