WASHINGTON — President Joe Biden plans to nominate a law professor who has criticized Wall Street banks to oversee some of the largest U.S. lenders, according to people familiar with the matter.
Biden is expected to tap Saule Omarova, a Cornell University law professor, to become the Comptroller of the Currency, which oversees national banks including JPMorgan Chase & Co.
and Bank of America
A formal announcement could come later this week, the people said.
A White House spokeswoman declined to comment. Omarova didn’t immediately respond to a request for comment.
Bloomberg News reported earlier on the expected nomination.
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