After months of delay, the Senate voted 69-24 on May 24 to confirm Jelena McWilliams as the next chair of the Federal Deposit Insurance Corp., filling one of the last remaining top posts of the Trump Administration's bank regulatory team. In her Senate testimony earlier this year, McWilliams said she plans to promote regulatory relief for community banks, speed up the application process for new institutions seeking federal deposit insurance and develop a blueprint for bank responses to cybersecurity breaches. McWilliams, previously chief legal officer at Cincinnati-based Fifth Third Bank, has served as an attorney at the Federal Reserve Board and as a Senate Banking Committee staffer. Meanwhile, according to a published report, Senate Minority Leader Chuck Schumer (D-NY) has recommended to the White House that Martin Gruenberg, the current FDIC chair, be nominated as vice chair, potentially retaining a dissenting voice on the FDIC to the Administration's deregulatory agenda.