A managing director at the monolithic Citigroup also served as member of Donald Trump’s transition team responsible for filling key positions at government agencies that regulate banks, the Huffington Post reports.
Julie Lindsay, a lawyer at Citigroup, worked during Trump’s transition following the election, and potentially drew “up lists of political appointees to serve at the governing body of the Federal Reserve at the Consumer Financial Protection Bureau,” according to the report. She is now back at Citigroup, according to a bank spokesman.
The Consumer Financial Protection Bureau is the consumer watchdog agency conceived by Sen. Elizabeth Warren (D-MA) following the financial crisis of 2008. It oversees mortgages, credit cards and student loans, staple transactions of large banks like Citi.
Jeff Hauser, head of the Revolving Door Project at the Center for Effective Government told HuffPost that if Lindsay helped draw up names for then president-elect Trump, she was helping to compile the names of people who would see “almost all proposed regulation or deregulation” proposals. Hauser called Lindsay’s participation a “coup for Citi and catastrophe for consumers.”
“I suspect that Julie Lindsay will be in for a raise when she returns,” Hauser said.