Community Banking

Mnuchin Mounts Strong Defense of Banking Career

In an often combative confirmation hearing before the Senate Finance Committee today, Treasury Secretary-Designate Steven Mnuchin made a strong defense of his banking career and emphasized the Trump administration’s plans for regulatory relief and tax reform.

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OCC Focusing on Sales Oversight at Large Banks

In the wake of the scandal over fake accounts created at Wells Fargo, the OCC has added a strong emphasis on governance of sales practices to its risk supervision for large banks, according to the agency’s Semiannual Risk Perspective released today.

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