The former chief executive officer of OneWest Bank FSB is being nominated to run the Office of the Comptroller of the Currency.

On Monday, the White House issued a statement indicating that President Donald J. Trump plans to nominate Joseph Otting to head the OCC.

Otting was named CEO of OneWest in October 2010. At the time, Treasury Secretary Steven Mnuchin was chairman of OneWest.

Source: Mortgage Daily