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From Banking and Finance Law Daily, December 1, 2017

President selects McWilliams to head FDIC

By Andrew A. Turner, J.D.

President Donald J. Trump has announced that he will nominate Jelena McWilliams as Chairperson of the Federal Deposit Insurance Corporation. She would serve the remainder of a six-year term expiring July 15, 2019, according to the White House statement.

McWilliams currently serves as Executive Vice President, Chief Legal Officer, and Corporate Secretary for Fifth Third Bank in Cincinnati, Ohio. Previously, she has worked in the United States Senate and at the Federal Reserve Board.

Rob Nichols, president and CEO of the American Bankers Association urged the Senate to quickly consider her nomination. "Her substantial banking and policy experience provide her with a valuable perspective in developing policies that will maintain public confidence in the nation’s financial system," Nichols said.

Companies: American Bankers Association

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