The American Fintech Council (AFC) has issued a statement regarding the nomination of Commissioner Christy Goldsmith Romero as the next Chair of the Federal Deposit Insurance Corporation (FDIC). The White House's decision to nominate her has been met with approval from the AFC, which emphasized the importance of a swift and bipartisan confirmation process.
"We applaud the nomination of Christy Goldsmith Romero by the White House to be the next Chair of the Federal Deposit Insurance Corporation (FDIC) and urge an expeditious and bipartisan confirmation," stated AFC.
The council highlighted its positive experiences working with Commissioner Goldsmith Romero, noting her commitment to public service and engagement with industry leaders. Her roles as Commissioner of the Commodity Futures Trading Commission and Special Inspector General for the Troubled Asset Relief Program (TARP) were cited as examples where she effectively represented consumer interests while collaborating with various stakeholders.
"Pragmatic regulators’ continued engagement with responsible innovators can create a future of finance that serves consumers without compromising on their safety and protection," added AFC. The council praised her willingness to foster collaboration, which aligns with AFC’s mission to promote affordable, responsible, and transparent financial products.
The statement concluded by expressing confidence in Commissioner Goldsmith Romero's ability to maintain public confidence and stability in the banking system while advancing technology and innovation. "AFC and its members look forward to working with Christy Goldsmith Romero in her new capacity, upon her confirmation."