FDIC’s GOP chair to resign after partisan brawl

At a board meeting that was streamed live, McWilliams declined an offer from the director of the Consumer Financial Protection Bureau, Rohit Chopra – an FDIC board member and ally of Senator Elizabeth Warren (D-Mass.) – to give the FDIC official a taping Minutes to be added to the vote.

Later, in one Comment in the Wall Street JournalMcWilliams described the episode as a “hostile takeover”. However, she made no mention of the saga in her letter of resignation to President Joe Biden on Friday.

“When I immigrated to this country 30 years ago, I did so with a firm belief in the American system of government,” said McWilliams, who was born in former Yugoslavia, in her letter to Biden. “During my tenure on the Federal Reserve Board of Governors, the United States Senate, and the FDIC, I have developed a deep appreciation for these venerable institutions and their traditions. It was a great honor to serve this nation and I did not take a single day for granted. “

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