{"id":13714,"date":"2020-12-08T08:23:09","date_gmt":"2020-12-08T16:23:09","guid":{"rendered":"https:\/\/canary.kcprod.info/blog\/?p=13714"},"modified":"2022-01-11T17:12:16","modified_gmt":"2022-01-12T01:12:16","slug":"welcoming-former-fdic-chair-sheila-bair-and-former-comptroller-of-currency-tom-curry-to-wealthfront","status":"publish","type":"post","link":"https:\/\/canary.kcprod.info/blog\/welcoming-former-fdic-chair-sheila-bair-and-former-comptroller-of-currency-tom-curry-to-wealthfront\/","title":{"rendered":"Welcoming Former FDIC Chair Sheila Bair and Former Comptroller of Currency Tom Curry to Wealthfront"},"content":{"rendered":"\n

At Wealthfront, we\u2019re building a financial system that favors people, not institutions<\/a>. It\u2019s a big, audacious goal and in order to achieve it, we need a truly stellar team. That\u2019s why we\u2019re thrilled to announce that two giants of the banking industry are joining Wealthfront\u2019s newly formed Banking Advisory Group: Sheila Bair and Tom Curry. <\/p>\n\n\n\n

As members of the Banking Advisory Group, Sheila and Tom will use their deep industry experience to help Wealthfront navigate regulatory bodies and partnerships on our quest to reinvent banking. We love that both Sheila and Tom have seen firsthand how broken the current banking system is. As a result, they\u2019re excited to help Wealthfront build a far better alternative. Their expertise will be invaluable as Wealthfront continues to deliver innovative new products that make it easy to manage your financial life. <\/p>\n\n\n\n

A distinguished duo<\/h2>\n\n\n\n

Sheila has been named the second most powerful woman in the world not once, but twice<\/em>, by Forbes Magazine<\/a>. She was the Chair of the Federal Deposit Insurance Company (FDIC) from 2006 to 2011 when she steered the agency through the worst financial crisis since the Great Depression. She also won the Kennedy Library\u2019s Profiles in Courage Award, and Time Magazine named her \u201cthe little guy\u2019s protector in chief.\u201d On top of that, she\u2019s the New York Times bestselling author of Bull by the Horns<\/em>, a book about her experience navigating the financial crisis. <\/p>\n\n\n\n

She\u2019s also a founding director of the Volcker Alliance, which was established by former Federal Reserve Board Chair Paul Volcker to build trust in government, and is the founding chair of the Systemic Risk Council, which advocates for financial stability. And she\u2019s a senior advisor to the Peter G. Peterson Foundation on financial issues confronting young people.<\/p>\n\n\n\n

Sheila is looking forward to helping Wealthfront reinvent banking. \u201cTechnology has huge potential to lower costs and improve services for the banking public. I couldn\u2019t be more excited to help Wealthfront create long overdue change,\u201d she says.<\/p>\n\n\n\n

Tom was appointed by President Barack Obama in 2012 to be the head of the Office of the Comptroller of the Currency (OCC) and served until 2017. In that role, he led the federal agency that charters, regulates, and supervises national banks and federal savings banks. As Comptroller, he launched the OCC\u2019s Responsible Innovation Initiative, proposed the fintech national bank charter, and established the OCC Office of Innovation, a first among federal financial regulators.  <\/p>\n\n\n\n

Before that, he was nominated by President George W. Bush to the Board of Directors of the FDIC and confirmed by the U.S. Senate in 2003. He continued to serve in the role until 2017. Tom is currently a regulatory attorney and a partner in Nutter\u2019s Corporate and Transactions Department. He\u2019s also a co-leader of the firm\u2019s Banking and Financial Services group. <\/p>\n\n\n\n

Tom is excited to join Wealthfront as we work to build a new and improved financial system. \u201cWealthfront\u2019s use of technology and complete focus on the client are a welcome innovation and I am thrilled to join in their efforts,\u201d he says.<\/p>\n\n\n\n

Reinventing banking<\/h2>\n\n\n\n

At Wealthfront, we\u2019re hard at work building a financial system that benefits you<\/em> instead of big institutions like banks. We\u2019re turning the traditional banking system on its head, and we\u2019re doing it by building delightful, software-based products that optimize your financial life. Because we\u2019re using software, we can lower the cost of delivering our services enough to make money with you, not from you.<\/p>\n\n\n\n

Our banking offerings keep getting better. This year we rolled out checking features for the Cash Account<\/a> so you can direct deposit your paycheck (and get paid up to two days early), send<\/a> and deposit checks<\/a> from your phone, pay bills and friends, make purchases with a debit card, and access your cash via a network of 19,000 free ATMs \u2013 all while earning an APY many times the national average. Our Cash Account will only keep improving as we progress towards our vision of Self-Driving Money\u2122.\u00a0 Earlier this year we took a major step towards this vision with the launch of Autopilot<\/a>, Wealthfront\u2019s free service that automates your savings strategy.<\/p>\n\n\n\n

We couldn\u2019t be more excited about the new members of our Banking Advisory Group. Welcome to Wealthfront, Sheila and Tom!<\/p>\n","protected":false},"excerpt":{"rendered":"

At Wealthfront, we\u2019re building a financial system that favors people, not institutions. It\u2019s a big, audacious goal and in order to achieve it, we need a truly stellar team. That\u2019s why we\u2019re thrilled to announce that two giants of the banking industry are joining Wealthfront\u2019s newly formed Banking Advisory Group: Sheila Bair and Tom Curry.  […]<\/p>\n","protected":false},"author":129,"featured_media":13718,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1360],"tags":[2417,2391,1362],"coauthors":[82],"class_list":["post-13714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-product-news","tag-banking","tag-fdic","tag-wealthfront"],"acf":[],"yoast_head":"\nWelcoming Sheila Bair and Tom Curry to Wealthfront<\/title>\n<meta name=\"description\" content=\"We\u2019re thrilled to announce two giants of the banking industry are joining Wealthfront\u2019s newly formed Banking Advisory Group: Sheila Bair and Tom Curry.\" \/>\n<meta name=\"robots\" content=\"index, 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