Look at possible conflicts of interest in Trump team's OneWest Bank probes, 2 Democrats urge [Los Angeles Times (CA)]
CIT Group Inc (DEL) (CIT)
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Source: Los Angeles Times
Look at possible conflicts of interest in Trump team's OneWest Bank probes, 2 Democrats urge Two House Democrats want Congress to look into possible conflicts of interest in the Trump administration’s handling of investigations into Pasadena’s OneWest Bank — a bank formerly headed by now-Treasury Secretary Steven T. Mnuchin . Reps. Maxine Waters (D-Los Angeles) and Al Green (D-Texas) said Friday that there was “room for considerable doubt as to the impartiality and the adequacy of this administration’s investigations into OneWest” and a subsidiary, Financial Freedom. Mnuchin was the bank’s chairman from 2009 to 2015. President Trump has nominated Joseph Otting , the former chief executive of OneWest, to be comptroller of the currency, a key bank regulator who is part of the Treasury Department. And Brian Brooks, who was OneWest’s vice chairman, reportedly will be tapped to be deputy Treasury secretary. Waters and Green wrote to House Financial Services Committee Chairman Jeb Hen
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