Trump to Nominate Bank Watchdog in Potential Blow to Biden

Trump to Nominate Bank Watchdog in Potential Blow to Biden

(Getty)

Tuesday, 17 November 2020 08:03 PM

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Trump to Nominate Bank Watchdog in Potential Blow to Biden

Trump to Nominate Bank Watchdog in Potential Blow to Biden

(Getty)

Tuesday, 17 November 2020 08:03 PM

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President Donald Trump signaled he intends to nominate the acting Comptroller of the Currency to a new five-year term, potentially complicating plans a Biden administration would have to impose tougher regulations on Wall Street banks.

In a Tuesday statement, the White House said it intends to submit Brian Brooks’ name to the Senate for confirmation. The highly unusual move — coming just weeks before what’s likely the end of Trump’s time in office — could force Joe Biden to rely on never-used legal authority to try to remove Brooks and replace him with a more aggressive watchdog.

READ MORE HERE: https://www.newsmax.com/politics/banking-biden-trump/2020/11/17/id/997528/

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