Banking Regulatory Posts Move Closer to Confirmation
The FDIC and Office of the Comptroller of the Currency are closer to having permanent leaders.
The Senate Banking Committee on Thursday approved the nomination of Martin Gruenberg to chair the FDIC and Thomas Curry to head the Office of the Controller of the Currency. The nominations now go to the full Senate for a vote.
Gruenberg, who became acting chairman of the FDIC earlier this year when Sheila Bair’s term expired, has been vice chairman of the FDIC since 2005. Before that he was a top staffer of the Senate Banking Committee.
Curry has been a member of the FDIC Board since 2005. Before that he was the top banking regulator in Massachusetts. He would succeed John Walsh, who has been acting comptroller of the currency since August 2010.
The Senate Banking Committee earlier this week heard testimony from and about Richard Cordray for his nomination to be the first director of the Consumer Financial Protection Bureau. No vote was scheduled.