Bloomberg Law
Feb. 9, 2018, 2:34 PM UTC

Senate Panel Approves Trump Pick McWilliams for FDIC

Bloomberg Law - Staff Reports

By Jeff Bater

The Senate Banking Committee approved President Donald Trump’s pick to run the Federal Deposit Insurance Corporation.

The committee’s voice vote Feb. 8 sends the nomination of Jelena McWilliams to the full Senate for final vetting. Sen. Elizabeth Warren (D-Mass.) was the only member to express opposition to advancing the nomination.

McWilliams said during her confirmation hearing Jan. 23 that she would move quickly to review applications for industrial loan company charters, while avoiding taking a position on whether to relax leverage ratios that led to higher capital levels at big banks.

McWilliams, the chief legal officer at ...

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