FDIC Technical Evaluation Practice Test

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Question: 1 / 400

Who among the following is NOT a member of the FDIC Board of Directors?

The Secretary of the Treasury

The correct answer is that the Secretary of the Treasury is not a member of the FDIC Board of Directors. The FDIC Board is composed of five members: the Chairperson and the Vice Chairperson, who are appointed by the President, along with three other members who are also appointed by the President.

The Comptroller of the Currency is indeed a member of the Board, as this position oversees the Office of the Comptroller of the Currency (OCC), which is integral to the overall regulatory framework of banks. The Director of the Consumer Financial Protection Bureau (CFPB) is also among the members, as they play a significant role in consumer protection within the financial ecosystem. Thus, the inclusion of President-appointed members serves to ensure diverse expertise and perspectives, while the absence of the Secretary of the Treasury highlights the distinct functions and authorities within government financial regulation.

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The Comptroller of the Currency

The Director of the CFPB

Appointees by the President

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