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ADVOCACY UPDATE




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Letter to the White House on FDIC Director Nominees

2/1/2019

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On January 30, Congressman Loudermilk sent the attached letter to the White House regarding upcoming nominations to the FDIC Board of Directors. Congress amended the Federal Deposit Insurance Act in 1996 to require that at least one of the three independent members of the FDIC Board have experience as a state bank regulator. However, there has not been such a person on the FDIC Board since 2012. There are currently two seats open on the FDIC Board, and according to recent news reports, Senators have recommended two potential nominees to the White House- but neither of them fulfill the state bank regulation experience requirement. The letter asks the White House to ensure that at least one of its upcoming nominees to the FDIC Board has experience as a state bank regulator as required by federal law. The letter was cosigned by 14 other bipartisan members of the Financial Services Committee: Reps. Denny Heck (D-WA), Peter King (R-NY), Jim Himes (D-CT), Frank Lucas (R-OK), Steve Stivers (R-OH), Scott Tipton (R-CO), Tom Emmer (R-MN), Lee Zeldin (R-NY), Alex Mooney (R-WV), Ted Budd (R-NC), David Kustoff (R-TN), Trey Hollingsworth (R-IN), John Rose (R-TN), and Denver Riggleman (R-VA).

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    Authors
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    Lori Godfrey
    EVP, Chief of Staff, Government & Regulatory Relations

    Tyler Eck
    Government and Regulatory Relations Associate


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  • Home
  • About CBA
    • Member Login
    • Board of Directors
    • Membership Overview
    • CBA Committees
    • Our Team
    • Remembering Julian Hester
    • Directions to Our Office
  • Contact
  • Membership
    • Member Directory >
      • Bank Listing Update
    • Preferred Service Providers
    • Associate Member Directory >
      • Company Listing Update
    • Associate Member Benefits & Application
    • Member Benefits
    • Excecutive Channel
    • CBA Wellness Solutions >
      • Peachy Posts
  • Professional Development
    • CBA University >
      • Calendar
      • Webinar Series
      • Archived Webinars
      • Barret School of Banking
      • 2021 Compliance Professionals Package
      • HR & Talent Development League
      • The Community Bank Leadership Academy
      • Compliance Resources
      • Cancellation Policies & Facility Maps
      • Speakers
      • Venue Availability
      • Southeastern Community Bankers Association
    • Conventions/Events >
      • 53rd Annual Convention & Mini-Trade Show
      • Banker Regulatory Forum >
        • Banker Regulatory Forum Questions
      • Small Business Day at the Dome
      • PAC/PR Fundraising Events >
        • PAC/PR Clay Shoot
      • Call for Presentations
  • COMMUNICATIONS
    • Communications Overview
    • Advertising Opportunities
    • Sponsorship Opportunities
    • Quarterly Marketing Toolkits >
      • February - I Love My Community Bank
    • Georgia Communities First Magazine
    • Julian & Jan Hester Scholarship
    • Walraven Scholarship
    • eNewsletter - CBA Today
    • Lifetime Service Awards
  • Advocacy
    • Advocacy Update
    • Priority Legislation SB 157 >
      • SB 157 Survey
    • Locate Your Legislator
    • CBA's PAC/PR Fund >
      • T-Shirt Fundraiser PAC/PR
      • Corporate Donations
      • Individual Donations
    • ICBA Plan for Prosperity
  • Resources
    • THE CARES ACT & SBA LENDING
    • Paycheck Protection Program
    • Disaster & Pandemic Support & Preparedness
    • CBA Legal Hotline
    • PSP & Associate Member Support During Covid-19
    • CBA Career Center
    • Rise Up - College Student Development Program
    • Georgia Financial Directory
    • ICBA
    • Salary Survey
    • Financial Literacy
    • Useful Websites
    • FDIC Regulatory Calendar
    • CBA Privacy Policy