News & Analysis as of

Board of Directors Political Appointments

Orrick, Herrington & Sutcliffe LLP

Jonathan McKernan nominated to be CFPB Director

On February 11, the White House announced the nomination of Jonathan McKernan as CFPB Director. Recently, McKernan announced his resignation from the FDIC board due to Rodney E. Hood’s addition, which resulted in more...more

Allen Matkins

Bank Directors Appointed By Politicians - What Could Possibly Go Wrong?

Allen Matkins on

I recently wrote about proposed legislation (SB 528) that would establish the California Infrastructure and Economic Development Bank (I-Bank) as a depository institution. The I-Bank, despite its name, does not currently...more

Troutman Pepper Locke

Senators ask President to Appoint NARAB Board Members

Troutman Pepper Locke on

Seven members of the Senate Banking Committee sent a letter to President Obama on December 15th requesting an update on when the thirteen nominations for the Board of Directors of the National Association of Registered Agents...more

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