Reject Secretary of the Treasury Nominee Who Allegedly Engaged in Fraud

Target: Mitch McConnell, Senate Majority Leader

Goal: Reject Department of the Treasury nominee Steve Mnuchin based on alleged widespread misconduct at his former bank.

OneWest, a bank formerly led by the secretary of the treasury nominee Steve Mnuchin, allegedly violated California foreclosure rules. According to a memo written by prosecutors with the California Attorney General’s office, between 2009 and 2015, OneWest engaged in widespread violations of California foreclosure sales auction laws and backdated documents in nearly 35,000 foreclosures. In at least 86 instances, documents prepared by OneWest bank were backdated to dates before the bank began operations. Steve Mnuchin led the OneWest bank from 2009 to 2015. These practices may have resulted in many people losing their homes without their legally guaranteed opportunity to make overdue payments.

These allegations of misconduct and violations of the law are among many leveled against OneWest. However, the California Attorney General declined to prosecute the case despite thousands of legal violations documented by the office’s Consumer Law Section. The Attorney General’s office did not give a reason for the lack of prosecution. Given the alleged pattern of fraud at OneWest during Mr. Mnuchin’s tenure, his appointment to head the Treasury Department raises serious questions.

Fortunately, the nominee for Secretary of the Treasury is subject to confirmation by the Senate providing an opportunity to block Mnuchin’s appointment. Sign our petition and demand that the Senate reject Steve Mnuchin’s appointment as Secretary of the Treasury.

PETITION LETTER:

Dear Senator McConnell,

OneWest, a financial institution led by the current nominee for secretary of the treasury, Steve Mnuchin, has been accused of systematic violations of California state foreclosure rules. While California’s Attorney General declined to prosecute the charges, investigators with the California Consumer Law Section alleged that OneWest bank forged tens of thousands of foreclosure documents, including 86 documents backdated to before the bank began foreclosure operations.

As you know, the secretary of the treasury is an enormously influential role. The secretary must represent the interests of the American people and economy. A prerequisite for this role is both good judgement and adherence to financial laws and regulations. Given these allegations, I believe that Steve Mnuchin would not be an appropriate selection for secretary of the treasury. Therefore, I urge you to do everything in your power to ensure he is not confirmed to this role.

Sincerely,

[Your Name Here]

Photo Credit: Taber Andrew Bain

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One Comment

  1. Brenda Denno says:

    There must be some serious corruption going on if this man is being considered for the position.

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