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Potential CFPB replacement tied to OneWest, Mnuchin
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Tuesday, February 28, 2017
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With Comptroller of the Currency (OCC) Thomas Curry’s term up in April and the Consumer Financial Protection Bureau’s (CFPB) independent status in question in the court system, President Donald Trump is considering multiple former OneWest employees to take over two of the nation’s most powerful federal regulating bodies. OneWest, formerly known as IndyMac, was purchased and renamed by recently confirmed Treasury Secretary Steven Mnuchin, who sold it to CIT in 2015. Read on to learn more about the identities and backgrounds of candidates sources say Trump is considering.
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