Biden Nominee Withdraws Name to Lead OCC Banking Watchdog
- Biden criticizes ‘personal attacks’ against his OCC nominee
- White House to restart search after another failed candidate
Saule Omarova
Photographer: Stefani Reynolds/BloombergThis article is for subscribers only.
The White House’s pick to lead a key U.S. banking regulator has withdrawn her name from consideration, with President Joe Biden citing “inappropriate personal attacks” as undermining her candidacy.
Biden accepted Saule Omarova’s request to abandon the appointment to run the Office of the Comptroller of the Currency, according to a Tuesday statement. Her nomination triggered aggressive opposition from Republican lawmakers and bank lobbyists, while revealing divisions among Democrats.