“Jelena McWilliams, a financial-law expert who came to America as an 18-year-old student from the communist-led former Yugoslavia, was nominated by President Trump to head the U.S. Federal Deposit Insurance Corporation (FDIC), a job at the heart of America’s capitalist system.
If confirmed by the Senate, McWilliams will take over an important role in overseeing the country’s banks as Trump pushes to remove regulations imposed on the financial industry after the financial crisis and Great Recession that began in 2007.
McWilliams has spent much of the last decade working on related issues, initially as an attorney at the Federal Reserve Board of Governors and later as the senior counsel to Republicans on the Senate Banking Committee.
Her colleagues in Congress say she brought a special perspective to her work there. ‘We take a lot for granted, whereas she never takes it for granted,’ Republican Senator Richard Shelby of Alabama, her former boss as chairman of the Senate Banking Committee, told the Wall Street Journal. ‘She was in a country with a lot of oppression.’
McWilliams was born in 1973 as Jelena Obrenic in what is now Serbia. She grew up during the declining years of communism under Josip Broz Tito and the loosening of the Yugoslav federation that led to the Balkan wars of the 1990s.” (Share America)
Note: McWilliams was received in the Senate and referred to the Committee on Banking, Housing, and Urban Affairs on 1/8/2018.