People: McWilliams resigns from FDIC

Jelena_McWilliams, FDIC

US: Jelena McWilliams, chairman of the board of directors of the Federal Deposit Insurance Corporation (FDIC) since mid-2018, has announced her resignation effective February 4.  

McWilliams is a Republican who was nominated to the role by former US president Donald Trump. She recently strongly criticised the Democratic administration of current president Joe Biden for its policy towards the FDIC. Under US law, the FDIC’s five-member board must be split, with three members from one party and

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