Our Website Uses Cookies 

We and the third parties that provide content, functionality, or business services on our website may use cookies to collect information about your browsing activities in order to provide you with more relevant content and promotional materials, on and off the website, and help us understand your interests and improve the website.

For more information, please contact us or consult our Privacy Notice.

Your binder contains too many pages, the maximum is 40.

We are unable to add this page to your binder, please try again later.

This page has been added to your binder.

FDIC Chair McWilliams Plans to Stay as Board Faces Biden Shift

November 16, 2020, Bloomberg Law

Karen Solomon is quoted in Bloomberg Law regarding FDIC Chair Jelena McWilliams's final potential acts as part of the Trump administration as it relates to "valid when made" and "true lender" rules.

According to Ms. Solomon, McWilliams and the administration would also have to weigh the potential impact of lawsuits challenging both the FDIC's and OCC's "valid when made" and "true lender" rules if she finalizes the rules without any changes. The Biden administration, too, could reach a settlement with the states to revise both rules. “You can envision a scenario where state AGs might insist on a withdrawal of the rule,” she adds.

Share this article: