May 03, 2017

Brown Blasts Trump's Decision to Remove Top Wall Street Watchdog

WASHINGTON, D.C. – U.S. Sen. Sherrod Brown (D-OH) – ranking member of the Senate Banking, Housing, and Urban Affairs Committee – today issued the following statement regarding President Trump's decision to replace Comptroller of the Currency Thomas Curry as chief watchdog of the nation's largest banks. The President’s decision to name an acting appointee to lead the Office of the Comptroller of the Currency comes as the Administration seeks to dismantle key Wall Street reforms enacted after the 2008 financial crisis.

"Comptroller Curry has been a strong, independent watchdog for the nation's biggest banks, and a dedicated, thoughtful public servant who helped respond to the worst financial crisis in generations. It is disturbing that the President is rushing to replace Mr. Curry with an acting appointee who has clear conflicts of interest, and lacks any experience in running such an important agency."