Sen. Elizabeth Warren Elizabeth WarrenNo new taxes for the ultra rich — fix bad tax policy instead Democrats back away from quick reversal of Trump tax cuts It's time for newspapers to stop endorsing presidential candidates MORE (D-Mass.) blasted President Trump Wednesday for replacing the country's top banking regulator.

Warren's statement came after Treasury Secretary Steven Mnuchin announced his intentions to replace Comptroller of the Currency Thomas Curry, whose five-year term expired in April, with financial regulations attorney Keith Noreika.

"Tom Curry is a dedicated public servant who has been a tough but fair regulator of banks for decades -- including under five different Massachusetts Governors as the Commonwealth's Commissioner of Banks," Warren said in a statement to Reuters.

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"I am deeply concerned by the Administration's decision to remove an experienced, independent regulator like Comptroller Curry and replace him with a career bank lawyer," Warren added.



The White House stated that Noreika will serve as Acting Comptroller after Curry leaves office on Friday, May 5.



“Keith Noreika has deep experience in helping banks operate in a safe and sound manner, provide fair access to financial services, and provide credit needed for business expansion and job growth,” Mnuchin said in a statement.

“I am confident that he will capably lead the OCC in carrying out its important mission.”