washington trump administration wednesday take first step replace obama-era bank regulators name veteran financial lawyer interim head watchdog federally charter bank keith noreika partner law firm simpson thacher bartlett llp first deputy comptroller office comptroller currency run occ interim basis comptroller thomas curry leave may treasury secretary steven mnuchin say statement former banker joseph otting work mnuchin californian lender onewest consider lead contender permanently replace curry several people familiar matter say appointment require senate confirmation analysts say expect noreika charge much year u.s. president donald trump want overhaul regulation financial service system make easy bank lend ask mnuchin review dodd-frank wall street reform law june 3. occ one several regulators monitor health wall street bank particularly influential role scrutinize lend practice curry occ bank examiners clamp perceive overly risky loan particularly type use fund private equity buyouts curry use position warn bank think talk much risk loan energy firm property developers curry use bully pulpit warn bank risky activity think likely see less go forward say ian katz financial policy analyst research firm capital alpha appointment noreika expect nomination otting mean limit much bank lend highly indebted company may loosen future say jaret seiberg analyst cowen washington research group bullish sign yet big bank trump administration pursue traditional republican approach financial regulation rather adopt populist tone could include high leverage capital requirements seiberg say trump plan overhaul regulation hold government current lean crew regulators senate vote tuesday confirm attorney jay clayton head securities exchange commission occ change guard might smooth democrats criticize practice onewest lender create mnuchin 2008 house crisis foreclose 36,000 california families mnuchin hire otting chief executive bank 2010 hold role buy cit group 2014. noreika background lawyer advise bank include ant financial acquisition moneygram well volcker rule prohibit bank make speculative bet also controversial disturb president rush replace mr. curry act appointee clear conflict interest lack experience run important agency ohio democrat sherrod brown rank member senate bank committee say statement noreika appointment require senate approval curry career regulator appoint obama administration five-year term expire last month since serve extension curry take tough line risky lend agency come fire failure tackle sales practice abuse scandal well fargo co. occ also try establish regulator online lenders financial technology firm state authorities argue job sue occ argue lack legal authority offer bank charter technology company also three vacant spot federal reserve board include post vice chair supervision play key role overhaul bank regulation early wednesday mnuchin tell conference community bankers trump sign nominee fill vice chair role name person reuters previously report randal quarles work secretary domestic finance treasury president george w. bush lead candidate mnuchin say administration also close name two feed selections change helm u.s. bank agency signal new trump era