Board Doctrine
October 14, 2011 1:34 PM
Consumer Financial Protection Bureau
Under Dodd-Frank, the bureau — now led by acting chief Raj Date (above) — has just a single director setting policy. But a GOP proposal would subject CFPB decisions to a panel of Senate-confirmed board members. (Image: Michael Chu)
Federal Reserve Board
Chairman Ben Bernanke (far left) holds sway as the central bank's leader, but Fed chairmen have had to work in concert with a board of governors — each of whom represents a different Fed regional district — since 1914. (Image: Bloomberg News)
Federal Deposit Insurance Corp.
Like other agency boards, the FDIC board of directors — which Sheila Bair (center) chaired from June 2006 to this past July — has limits on how many members from the president's party can sit on it. Since this photo was taken, two FDIC board seats became and are still vacant.
Financial Stability Oversight Council
The council, chaired by Treasury Secretary Tim Geithner, has no less than 10 voting members and five nonvoting members. All but one of the voting members is the head of one of the financial regulatory agencies. (Image: Bloomberg News)
Securities and Exchange Commission
The five-member commission has been chaired by Mary Schapiro since January 2009. Like the FDIC and CFTC, no more than three commission members can be from the same political party.
Commodity Futures Trading Commission
The commission, chaired by Gary Gensler (middle), meets in February to discuss implementation of the Dodd-Frank Act.
