Senate Committee Confirms First in Obama Appointees Backlog – NMP Skip to main content

Senate Committee Confirms First in Obama Appointees Backlog

Mar 11, 2016
The partisan effort by the Senate Banking Committee to prevent President Obama’s appointees from being confirmed was finally broken with a 14-8 confirmation vote for Adam Szubin

The partisan effort by the Senate Banking Committee to prevent President Obama’s appointees from being confirmed was finally broken with a 14-8 confirmation vote for Adam Szubin as the Treasury Department’s undersecretary for terrorism and financial intelligence. Shelby, who voted against Szubin, issued a statement insisting that his problem was not with the candidate, but with the administration.

“Mr. Szubin’s role at the Treasury Department has required him to both promote and defend the administration’s ill-conceived Iran nuclear agreement," the senator said in a statement. “I could not support his nomination today because of his participation in facilitating a deal that I believe is crippling to our national security."

The Banking Committee will hold another hearing on March 15 to review the president’s choices to fill vacancies on the board of the U.S. Securities and Exchange Commission. Other nominees to fill a pair of vacancies on the Federal Reserve’s Board of Governors and an opening on the U.S. Export-Import Bank board have yet to be scheduled.

About the author
Published
Mar 11, 2016
MISMO Updates Business Glossary To Support AI, eMortgages

New definitions covering eHELOCs, remote online notarization, valuation modernization, and compliance initiatives aim to improve consistency

MISMO Launches AI Governance Framework For Mortgage Lenders

New FRAME toolkit gives lenders, servicers, and technology providers a roadmap for managing AI risk while supporting innovation

CFPB Tells Lenders Immigration Status Can Factor Into ATR Analysis

CFPB frames immigration status as a potential ability-to-repay factor when future U.S.-based income is at risk

UAD 3.6 Deadline Nears; First American Earns Verification

First American's ACI Sky Workbench gains verification ahead of the Nov. 2 implementation date for the GSEs' updated appraisal reporting requirements

MISMO Introduces New Loan Boarding Standard

Wrapper Files support standardized data transfers between origination and servicing systems, with potential savings of $60 to $160 per loan

The GLBA Compliance Gap Your AI Deployment Just Opened

Old statutes, new models, and the vendor contract you signed before machine learning became operational