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FDIC Chair McWilliams Plans to Stay as Board Faces Biden Shift

Nov. 16, 2020, 11:30 AM

As Washington speculates about who will take over at federal financial regulators under a Biden administration, one agency is likely to see little turnover at the top.

Federal Deposit Insurance Corporation Chairman Jelena McWilliams has repeatedly said she intends to fulfill her term as chairman until 2023, most recently Nov. 12 during a House Financial Services Committee hearing.

It’s not an unusual move. McWilliams’ predecessor, Martin Gruenberg, held the chairman’s spot nearly 18 months into the Trump administration after being appointed by President Barack Obama in 2012. Sheila Bair, a Republican chairman appointed by President George W. Bush in 2006,...

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