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Trump-appointed FDIC chair blocks Democratic bid to undercut her

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

Federal Deposit Insurance Corp. Chairman Jelena McWilliams on Tuesday fought off an effort by Democratic board members at the bank regulator to circumvent her power, but the battle is not over. A disagreement over who controls the FDIC’s agenda flared after the Democrats who make up the majority of the board voted to solicit public feedback on potential changes to the agency’s bank merger approval process. Bank mergers are a crucial issue among progressives such as Sen. Elizabeth Warren (D-Mass.), and the attempt by the board Democrats to push through…

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