May 24, 2018

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FSR Statement on Confirmation of FDIC Chair McWilliams​

Jelena McWilliams’ experience serving in government and bank leadership brings a fresh perspective to the FDIC that will help drive regulatory modernization, responsible economic growth and needed consumer protection.

FSR Statement on Confirmation of FDIC Chair McWilliams​
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FSR Statement on Confirmation of FDIC Chair McWilliams

 

WASHINGTON—The Financial Services Roundtable (FSR) today welcomed Senate confirmation of Jelena McWilliams as Chair of the Federal Deposit Insurance Corporation (FDIC) and called her position instrumental to modernizing the bank regulatory system in a way that promotes economic growth, job creation and consumer protection.

“Jelena McWilliams’ experience serving in government and bank leadership brings a fresh perspective to the FDIC that will help drive regulatory modernization, responsible economic growth and needed consumer protection,” said FSR’s Head of Government Affairs, Anthony Cimino.

FSR looks forward to working with Chair McWilliams and the FDIC to improve the living will and CCAR process, update the Community Reinvestment Act, harmonize and prioritize cybersecurity, and champion FinTech initiatives to meet the needs of today’s economy and consumer demands.

 

 

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About The Author

The Financial Services Roundtable represents the largest integrated financial services companies providing banking, insurance, payment and investment products and services to the American consumer. Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO. FSR member companies provide fuel for America’s economic engine, accounting for $92.7 trillion in managed assets, $1.2 trillion in revenue, and 2.3 million jobs.

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