Senate Confirms Mnuchin as Treasury Secretary

The Senate tonight voted 53 to 47 to confirm Steven Mnuchin as secretary of the treasury. American Bankers Association President and CEO Rob Nichols applauded the confirmation of the former regional bank CEO, adding that ABA is eager to work with Mnuchin to “strengthen financial recovery and economic progress.”

Nichols emphasized that as treasury secretary, Mnuchin “has a critical role in promoting economic growth and encouraging financial regulators to coordinate their work to ensure strong, prudential development of the economy. [He] has outlined an agenda to address regulatory issues so banks can better serve their customers, and we look forward to working with the Treasury under his new direction.”