Senate Confirms Former Banker Otting to Be Comptroller of the Currency,

The Hill has a story here. Excerpt:

Otting was the president and CEO of OneWest Bank, where he worked with Treasury Secretary Steven Mnuchin, and a vice chairman at U.S. Bancorp before that. He presided over hundreds of thousands of foreclosures at OneWest Bank, which has been investigated for multiple federal and state housing violations.

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As OneWest president, Otting signed a settlement with federal regulators who accused the bank of automatically signing foreclosure papers without reviewing them properly, called “robo-signing.”

Otting claimed that OneWest didn’t robo-sign documents but that he had to sign the consent order to save the business and his employees. 

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