Washington, D.C.--U.S. Senator Mike Crapo (R-Idaho) issued the following statement after Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams announced her resignation.
“Throughout her impressive career, Chairman Jelena McWilliams has demonstrated profound professionalism and an open, collaborative approach to problem solving, earning a reputation as a fair leader and colleague by those with whom she has worked--including myself. I appreciate the significant steps she has taken at the helm of the FDIC to maintain stability and public confidence throughout the economic disruptions of the pandemic, as well as implementing smart, tailored and right-sized regulations to better financially serve communities across the country. Chairman McWilliams’ diligence, work ethic and intellect will be missed at the FDIC. Her service has exemplified the very best of public service. I commend her on her work, and look forward to seeing what she will accomplish in future endeavors.
“Recent actions to undercut the integrity of the FDIC board were harmful and counter-productive and establishes a new precedent.”