McWilliams ousting haunts FDIC chair confirmation hearing
Nominees Martin Gruenberg (left), Travis Hill (centre) and Jonathan McKernan (right)
The actions of FDIC chair nominee Martin Gruenberg leading up the resignation of his Republican predecessor Jelena McWilliams have come back to haunt him as he seeks confirmation to his old job, while a grouping of state-level regulators are raising concerns that President Joe Biden’s slate of nominees to the regulator’s board forgoes a key legal requirement.
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