New FDIC Chair Confirmed by Congress – NMP Skip to main content

New FDIC Chair Confirmed by Congress

May 25, 2018
The Senate has confirmed Jelena McWilliams by a vote of 69 to 24 to be a member of the FDIC Board of Directors and to serve as the next FDIC Chair

The Senate has confirmed Jelena McWilliams by a vote of 69 to 24 to be a member of the FDIC Board of Directors and to serve as the next FDIC Chair.
 
“State regulators look forward to working with new FDIC Chair McWilliams to continue tailoring federal regulations based on a bank’s risk profile," said CSBS President and CEO John Ryan. "In particular, state regulators look to be helpful partners in the rule-making process for the bipartisan regulatory reform law and in ensuring the safety and soundness of state-chartered financial institutions.”
 
In addition to serving as the chief counsel at the Senate Banking Committee, McWilliams was a Federal Reserve Board of Governors lawyer and Chief Legal Officer at Fifth Third Bank. McWilliams will join Martin Gruenberg (whose term as a member of the FDIC Board expires in December 2018), Comptroller Joseph Otting, and CFPB Acting Director Mick Mulvaney, giving the FDIC Board four of its five members.


 
About the author
Published
May 25, 2018
West Capital LO Challenges Contractor Status, Required Fees

A former originator alleges unpaid overtime, recurring tech charges, and company restrictions that he says undermine his independent-contractor status

CFPB Closes 40% Of Investigations, Keeps Mortgage Enforcement In Focus

The federal watchdog closed thousands of supervisory and investigative matters as it narrowed oversight

Midterms Loom With Mortgage Policy Changes Already In Motion

As voters head to the polls Tuesday, Washington is weighing changes to refinancing costs, loan pricing, and lending regulations

UAD 3.6 Deadline Is Monday. Are Brokers Ready?

Wholesale lenders have adopted different rules for appraisal transfers, loan product changes, and reporting formats, adding complications for brokers and appraisers ahead of the Nov. 2 mandate

Friday Harbor Expands AI Appraisal Reviews As UAD 3.6 Deadline Nears

The new capability adds more than 350 automated checks as lenders prepare for the November 2 mandate

Oct 27, 2026