Legal Law

Trumpkin F.D.I.C. Chair Develops Newfound Respect For Guidelines, Order, Process

Jelena McWilliams does not take accepting a job lightly. She is said, for instance, to have agonized over former President Donald Trump’s offer of a nomination to serve as chair of the Federal Deposit Insurance Corp., having become chief legal officer at Fifth Third Bancorp just months before.

The opportunity to take part in the Great Regulatory Bonfire of 2017-2021, however, proved too great a lure, and McWilliams took the job. And with gusto: While other members of Team Trump jumped ship, she burned the midnight oil, working right up until the last minute to shred as many rules as possible.

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