MBA Statement on the Nomination of Michelle Bowman as Federal Reserve Vice Chair for Supervision

WASHINGTON, D.C. (March 18, 2025) — MBA's President and CEO Bob Broeksmit, CMB, released the following statement on President Donald Trump nominating Federal Reserve Board Member Michelle Bowman to be the next Vice Chair for Supervision:  

“Michelle Bowman has a deep understanding of financial markets and monetary policy and has shown a commitment to balanced regulatory oversight throughout her impressive career, including as a member of the Fed Board of Governors since 2018. MBA supports her confirmation by the full Senate as soon as possible. 

“Common sense regulation and a safe and sound bank capital framework are required to ensure a robust banking sector that promotes economic growth, creates jobs, and meets the needs of all consumers. We will continue to advocate for regulatory fixes – including reduced risk-weighting for mortgage servicing rights and warehouse lines – that increase banks’ mortgage market participation, and we look forward to engaging with regulators on ways to ensure a strong and well-functioning financial system.”