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AFR Statement: Oppose Quarles and Otting Nominations as Bank Regulators

Submitted by on September 7, 2017 – 11:37 am
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FOR IMMEDIATE RELEASE

CONTACT:
Carter Dougherty
carter@ourfinancialsecurity.org
(202) 869-0397

 

On the Approval of Nominations of Quarles and Otting

“This pair of nominations represents a return to the failed regulatory policies that led to consumer ripoffs and Wall Street financial crisis,” said Marcus Stanley, policy director at Americans for Financial Reform. “Randal Quarles was a key member of the Bush Administration team that failed to prevent the disastrous 2008 financial crisis, while as a top executive at OneWest, Joseph Otting personally profited as it robo-signed documents to foreclosure on ordinary American families.”

Read letters to Congress opposing the nominations of Randal Quarles and Joseph Otting.

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