FDIC, Fed Nominees Clear Senate Committee

The Senate Banking Committee today approved the nominations of Jelena McWilliams to serve as chairman of the FDIC and Marvin Goodfriend to be a governor at the Federal Reserve. McWilliams, a former senior staffer on the Banking Committee who is currently general counsel at Cincinnati-based Fifth Third Bank, sailed through on a nearly unanimous voice vote, with only Sen. Elizabeth Warren (D-Mass.) opposed. Goodfriend, an economist at Carnegie Mellon University, was advanced on a party-line vote.

The committee also approved the nomination of Thomas Workman to serve as the independent member of the Financial Stability Oversight Council with insurance expertise.

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Evan Sparks

Evan Sparks is editor-in-chief of the ABA Banking Journal and vice president for publications at the American Bankers Association.