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President Joe Biden is poised to nominate Cornell Law School Professor Saule Omarova to a top job overseeing the nation’s banks, according to a person familiar with the matter, handing a win to advocates for stricter financial rules.
As comptroller of the currency, Omarova would be responsible for policing the activities of the U.S.’s largest banks as the head of a key financial regulator. She would also set rules affecting the operations of upstart financial technology companies and cryptocurrency firms.
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