The Senate voted Tuesday to confirm Tuasivi John Marsh as Commissioner of the Office of Financial Institutions (OFI).
Marsh had appeared for a confirmation hearing before the Senate Budget and Appropriations Committee on March 20, which was abruptly ended after Senator Togiola Tulafono raised issue about a confidential document which he said was a private agreement that should have never been made public. Marsh confirmed that the agreement was confidential but explained that he decided to release it as it was only being sent to the Governor’s Office.
The contents of the confidential documents were never disclosed. However, Marsh stated at the time that it was pertained to a case that occurred over a year ago, involving a particular individual who nearly caused the loss of an account with the Federal Reserve Bank. He said he wanted to show the efforts of OFI with this particular case. Togiola said the release of the confidential agreement subjects the government to liability, and as a result, he was uncertain of Marsh’s ability to serve as OFI director.
That was in March.
On Tuesday, Senator Togiola said the issue concerning Marsh had been resolved and that he was satisfied the nominee should continue serving as OFI Commissioner.
The Senate voted 16-1 to confirm Marsh for the position. This would be his second term as Commissioner of OFI.
