Jelena McWilliams

FDIC finalizes rule to ease bank restrictions on hiring ex-cons

07/24/20

The regulation allows banks to add employees with past convictions for trivial crimes after the industry complained the prior rules were too severe.

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FDIC floats certification program for fintechs working with banks

07/20/20

The agency's request for information seeks comment on the idea of the FDIC partnering with a standards-setting organization to develop best practices for technology firms, among other things.

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Are lawmakers inviting ‘hot money’ boom with brokered deposit bill?

07/08/20

Backers say a bill to limit asset growth instead of restricting brokered funds addresses concerns about expanding balance sheets at troubled banks. But skeptics worry it would open the door to greater risk.

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FDIC chief on why call reports are getting a makeover

07/01/20

Jelena McWilliams explains the agency's decision to enlist the help of tech innovators to modernize a reporting process that the coronavirus epidemic has exposed as outdated.

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Where FDIC, OCC chiefs differ on post-pandemic banking

06/26/20

While they are not dramatically opposed, Jelena McWilliams and Brian Brooks have articulated their own ideas on postal banking and the use of artificial intelligence in lending.

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Regulators update Volcker, swaps and rate-cap rules

06/25/20

Five financial regulatory agencies clarified the meaning of "covered funds" under the Volcker Rule. Meanwhile, the FDIC gave certain banks more flexibility in interaffiliate exchanges of swaps and adopted a workaround of a court decision governing interest rates on loans sold across state lines.

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Banking industry renews opposition to Rakuten's ILC application

06/23/20

Three banking trade associations told the FDIC that Rakuten Bank America, even after revisions to its earlier application to the agency, would still violate the separation of banking and commerce as well as present consumer privacy concerns.

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‘Another unprecedented period’: FDIC reports dramatic 1Q profit drop

06/16/20

In one of the first comprehensive analyses of how the banking industry was affected by the onset of the coronavirus pandemic, the agency said quarterly income fell by nearly 70% from a year earlier.

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OCC goes it alone on narrower CRA rule

05/20/20

Comptroller of the Currency Joseph Otting’s regulation reforming the Community Reinvestment Act lacks performance metrics criticized in an earlier proposal. But neither the FDIC nor the Fed is supporting the final plan.

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House Dems seek details on FDIC's crisis plans following IG report

04/14/20

The heads of two congressional committees are requesting a briefing from the agency after a watchdog recommended improvements in how it prepares for crises.

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