Confirmation hearing could put Mnuchin in hot seat over foreclosures

  • President-elect Donald Trump announced Steven Mnuchin, a former Goldman Sachs partner who served as chairman and CEO of OneWest Bank during the financial crisis, as his Treasury secretary pick.
  • A memo has been published that details an investigation into the foreclosure practices of OneWest.

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Treasury Secretary nominee Steven Mnuchin could face tough questions about his reputation as a “foreclosure machine” in his upcoming confirmation hearings.