Schatz To Oppose Steven Mnuchin For Treasury Secretary

WASHINGTON – U.S. Senator Brian Schatz (D-Hawai‘i) today released the following statement in opposition to confirming Steven Mnuchin as secretary of the treasury.

“Steven Mnuchin has a troubling business record using predatory business tactics. The United States government entrusted his company, OneWest, to help seniors and working families stay in their homes during the housing crisis. His company did the exact opposite, preying on vulnerable homeowners and profiting from it.

“In addition to his disturbing record, Steven Mnuchin has pledged to roll back the consumer protections that were put into place to stop the kind of reckless practices that caused the financial crisis in 2008.  This is dangerous and irresponsible, and that’s why I will be voting no on Steven Mnuchin’s confirmation.”