Interim Bank Regulator Norieka: A Swamp Case Study

by Jeff Sovern

Last May, President Trump appointed bank lawyer Keith Norieka as interim head of the Office of the Comptroller of the Currency. Now that the full-time Comptroller has taken office, Norieka is returning to his firm "where he’ll consult large domestic and international banks on precisely the issues handled by the agency he recently led," according to David Dayen writing for The Intercept. Norieka may be best known to readers of this blog as a forceful opponent of the CFPB's arbitration rule. His knowledge about arbitration may come in part from having represented Wells Fargo in an arbitration case. Here's an excerpt from Dayen's story:

Banks were very happy with Noreika’s performance as OCC chair, he informed the Wall Street Journal. “I haven’t really even heard a negative word.”

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