FDIC Chair Jelena McWilliams outlined the risks and benefits associated with the migration of financial products and services from banks to nonbanks. In remarks at the Finance, Law and Policy Fourth Annual Financial Stability Conference, Ms. McWilliams stated that a substantial migration of ...

FDIC Chair Jelena McWilliams urged regulators and industry innovators to work together to "increase the velocity of transformation" to ensure that "banks are safe and sound and consumers sufficiently protected." In remarks delivered at the FinTech and the New Financial Landscape ...

Federal banking regulators testified before the U.S. Senate Committee on Banking, Housing and Urban Affairs on progress toward implementing the Economic Growth, Regulatory Relief and Consumer Protection Act (the "Act"). As previously covered, the Act makes targeted changes to key areas of ...

By a vote of 69 to 24, the Senate confirmed Jelena McWilliams as Chair of the FDIC. Ms. McWilliams takes over the role from Martin Gruenberg. Ms. McWilliams worked previously as the Executive Vice President and Chief Legal Officer of Fifth Third Bank in Cincinnati, Ohio. Prior to that, she worked ...

In executive session, the Senate Committee on Banking, Housing, and Urban Affairs considered the following nominations: Ms. Jelena McWilliams to be Chairperson and a Member of the Board of Directors of the Federal Deposit Insurance Corporation, Dr. Marvin Goodfriend to be a Member of the Board of ...