Pursuits
Mnuchin Faces Heat From Democrats on OneWest Foreclosures
- Senator Brown also wants his views on regulations, sanctions
- Mnuchin to face Senate Finance Committee in public hearing
Treasury Pick Steven Mnuchin’s Reverse-Mortgage Woes
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Treasury Secretary nominee Steven Mnuchin is facing growing pressure from Senate Democrats to account for his leadership of a bank accused of shoddy foreclosure practices.
Senator Sherrod Brown of Ohio, the top Democrat on the banking committee, sent a letter on Wednesday to the Treasury nominee, asking him to detail his views on issues including fair lending laws and foreclosure-prevention programs. Brown, who asked Mnuchin to respond to 11 questions by Jan. 6., says the nominee’s record on other issues related to the committee’s purview, which includes economic sanctions and financial regulations, are also unknown.