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Tuesday, February 14, 2017

Senate Confirms Mnuchin as Treasury Secretary

The Senate last night voted 53-47 to confirm Steven Mnuchin as secretary of the treasury. ABA’s 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.

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