By a vote of 69 to 24, the Senate confirmed Jelena McWilliams as Chair of the FDIC. Ms. McWilliams takes over the role from Martin Gruenberg.
Ms. McWilliams worked previously as the Executive Vice President and Chief Legal Officer of Fifth Third Bank in Cincinnati, Ohio. Prior to that, she worked in the U.S. Senate, first as Assistant Chief Counsel of the Small Business and Entrepreneurship Committee, and then as Chief Counsel and Deputy Staff Director of the Committee on Banking, Housing and Urban Affairs.
Ms. McWilliams also served as an attorney on the Federal Reserve Board of Governors. She started her career in private practice as a corporate and securities lawyer.
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