Reps. Joyce Beatty (D-Ohio) and Jamaal Bowman (D-N.Y.) have urged Biden to nominate University of California, Irvine law professor Mehrsa Baradaran for the OCC job, saying she’s the best choice to take on “entrenched financial interests.” … Having a balance between progressives and slightly more moderate regulators could be an overall positive for Biden’s financial regulatory team, said Erin Lockwood, [assistant] professor at UC Irvine’s School of Social Sciences. “You’re sharpening your swords against other sharp swords,” Lockwood said. Lockwood said she doesn’t know Baradaran, although she supports the UC Irvine professor for the comptroller’s role.

For the full story, please visit https://news.bloomberglaw.com/banking-law/progressives-fret-over-bidens-pick-to-oversee-national-banks.