OCC Nominee Omarova Withdraws From Bank Regulator Consideration

OCC Nominee Omarova Withdraws From Bank Regulator Consideration
US Office of the Comptroller of the Currency (OCC) nominee Saule Omarova has withdrawn her name to be the next head of the federal bank regulator, weeks after a contentious confirmation hearing where both Democrats and Republicans indicated they would not vote for her.Omarova, who has criticized both the banking and cryptocurrency sectors, was nominated to head up the federal bank regulator in September by U.S. President Joe Biden. Her nomination was met with opposition from the banking industry, due to past remarks she made about having the Federal Reserve take over aspects of the current banking system.The Cornell University…