A powerful banking regulator appointed by President Trump could face tough questions in a Senate hearing Thursday about his efforts to allow big banks to make small, high-interest, short-term loans to consumers. Joseph Otting is a former banking executive who is now in charge of an agency that oversees the nation's largest banks – including some that Otting used to help run. And he's slated to appear before the Senate Banking Committee, a panel that includes Massachusetts Democrat Sen. Elizabeth Warren , who has been sharply critical of the Trump administration financial regulators. It's the first time in nearly 40 years that a banking executive has been in charge of the Office of the Comptroller of the Currency, or OCC, an independent financial regulator within the Treasury Department that regulates large banks across the country. Consumer groups have been nervously watching what Otting will do. His track record as a banker gives them pause. Otting had been the chief executive of
↧