Controversial Biden banking nominee faces skepticism from centrist Democrats

Controversial Biden banking nominee faces skepticism from centrist Democrats


Key Democratic lawmakers expressed concern over President Joe Biden’s nominee for a key banking position during a confirmation hearing Thursday, indicating that confirmation will be difficult.

Sen. Jon Tester, a must-have vote for Democrats, said during a Banking Committee hearing for comptroller of the currency nominee Saule Omarova that he has worries about her views.

The Montana Democrat said he has “some significant concerns about positions” Omarova has taken as a witness before the committee in the past related to financial system bank regulation and on legislation related to the Office of the Comptroller of the Currency.

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He cited her opposition to the bipartisan Economic Growth, Regulatory Relief,

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