After a battle at the top of the regulation on banks: Another Trump appointment has become history

) Jelina McWilliams. Its departure will make it easier for regulators to promote tougher legislation Al Drago / Bloomberg

Jelina McWilliams, appointed by former US President Donald Trump, resigns as chair of the Federal Deposit Insurance Corporation (FDIC) – after clashing with senior Democratic nominees By the current administration.The corporation announced yesterday (Friday) that McVilliams’ resignation will take effect on February 4. Her departure will remove for President Joe Biden and the Democrats in Congress obstacles that are in the way of tighter supervision of banks and other financial companies.Mquilliams was due to end Her role in 2023. Democratic board member Martin Grunberg will replace her as chairman. “I had the great honor of serving this country, and I did not take any moment for granted,” McWilliams wrote in a letter …

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