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Biden’s Pick For Top Bank Regulator Withdraws After Republicans Accuse Her Of Being A Communist (RFE RL)

President Joe Biden’s pick to serve as the country’s top banking regulator withdrew her nomination after Republican attacks about her Soviet upbringing and concerns among moderate Democrats.

Saule Omarova, a Kazakh-American law professor, had been tapped by the White House to be the next head of the Office of the Comptroller of the Currency, a position that has wide oversight of the U.S. banking system.

Biden’s Pick For Top Bank Regulator Withdraws After Republicans Accuse Her Of Being A Communist (rferl.org)