OneWest Bank engaged in unsafe or unsound banking practices relating to mortgage servicing and the initiation and handling of foreclosure proceedings.
Catherine Cortez Masto
The Public Record
Catherine Cortez Masto is the junior United States senator from Nevada, having taken office on January 3, 2017. A member of the Democratic Party, she made history as the first Latina senator in U.S. history. Before her election to the Senate, Cortez Masto served as the Attorney General of Nevada from 2007 to 2015, where she focused on consumer protection and public safety issues. She has been an advocate for various policies, including healthcare access, immigration reform, and economic development in Nevada.
As the Comptroller of the Currency, you are going to be entrusted with tremendous responsibility.
And it is true that OneWest is the only bank that did not settle the independent foreclosure review. Correct?
OK. And then 175,000 nonbanked--non--I guess homes that were not in your portfolio were the subject of a separate modifications, or can you explain that $175,000 figure you cited?
Did you ever use your slot on FINRA's board to advocate for the Chamber's position on arbitration?
And if confirmed to the Fed, will you use your position to try and stop the CFPB's arbitration rule?
So when the Chamber of Commerce, which includes Wall Street, some of the Wall Street's biggest banks and accepts their contributions, sues to overturn rules on their behalf, you are--are you in a role of supporting those actions by the…
If confirmed to the position at the Fed, how can we trust you to balance the public interest against the interests of Wall Street, given the obvious conflicts in your current role?
I support the Jones Act as the law of the land, and recognize the key role it plays in both commerce and national security.
We need to collect data on the LGBT community to ensure their unique needs are met.
Technology like PTC and ECP brakes have the ability to improve safety for rail operations in this country.
I look forward to welcome you to the new world of hyperloop and the conversations that we can have for the future.
Could this legislation potentially result in the privatization of rights-of-way to the detriment of public lands?
I believe that this bill, if we were able to work with the sponsors and to modify a few parts of it, would definitely help us resolve some of the issues that we have.
I do believe that miners should receive notice and an opportunity to cure defective claims.
I am so encouraged by the bipartisanship partnership on this. But it is just not enough.
Narrowly targeting a portfolio mortgage exemption to an institution like yours makes sense; I mean, if we are really looking out for those protections.
Thank you. I notice my time is up. Thank you all. I appreciate the comments.
Wouldn't you agree that the community financial institution relationship lending model is different than the model used by big banks?
In fact, our State has the worst shortage of affordable and available rental homes in the Nation with only 15 units affordable for every 100 extremely low income households.





