Banker Feedback Helps Focus FDIC Efforts to Better Address their Needs — 2019-06-04

Over the past year, Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams has been meeting with local bankers, state supervisors, and consumer groups to obtain feedback on many important topics, including: the needs of their local communities, the FDIC’s regulatory approach, and ideas to promote economic inclusion. At a speech today before the Community Development Bankers Association’s Peer Forum and Membership Meeting in Washington, D.C., Chairman McWilliams said, “The role of regulatory agencies is not to stand in the way of relationships between banks and the communities they serve, but to encourage them. To achieve that goal requires that regulators get out of the D.C. ‘beltway’ and hear firsthand both from the bankers and the communities they serve.