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White House Attacks Critics of OCC Nominee Omarova

  • Official does not mention report of Democratic opposition
  • Saule Omarova has advocated stricter regulation of big banks
Saule Omarova
Saule OmarovaPhotographer: Stefani Reynolds/Bloomberg

The Biden administration on Wednesday night fiercely defended the nomination of Saule Omarova as a top banking regulator after it was reported that five Democratic senators told the White House they wouldn’t support her. 

A White House official said the attacks on Omarova, a Cornell law professor who has been sharply critical of big banks and cryptocurrencies, were so unfair that they smacked of the red-baiting smears leveled by Senator Joe McCarthy in the 1950s.