FDIC, FSOC nominees move on easily – not so much for Fed nominee Goodfriend

February 8, 2018 FDIC, Other, The Fed 0

Nominations for the chairman of the Federal Deposit Insurance Corp. (FDIC) Board, a member of the Federal Reserve Board and the insurance representative for the Financial Stability Oversight Council (FSOC) were all approved Thursday by the Senate Banking Committee.

The nominations now head to the floor of the Senate for confirmation.

Jelena McWilliams, nominee for chairman of the FDIC Board, and Thomas E. Workman, to be the insurance representative on FSOC, were easily approved on voice vote.

Marvin Goodfriend, nominee for an open seat on the Federal Reserve Board of Governors, was approved narrowly, on a party line vote of 13-12.

Goodfriend may face additional resistance when his nomination reaches the Senate floor.

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OIG sets 4 recommendations for NCUA’s federal chartering process

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Small FL credit union conserved

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PA bank failure, first of year, came from reclassified debt securities, dysfunctional management, report finds

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Reports of suspected fraud using deepfake media spurs FinCEN to issue ‘red flags’ alert to FIs

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Two promoted to OCC deputy controllers for large bank supervision

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