Federal Deposit Insurance Corp. chairperson Jelena McWilliams on Friday submitted her resignation, weeks after she described a dispute with Democrats leading the independent agency as a “hostile takeover” attempt.
Why it matters: President Biden will be able to select a replacement for the Trump-appointed McWilliams, whose term was not meant to end until June 2023. The agency provides deposit insurance for all U.S. banks and is one of three federal regulators overseeing the U.S. banking system.
Effective today, federal law bans many types of out-of-network medical bills and puts the onus on doctors and health insurance companies to resolve their payment disputes.
Why it matters: Consumers can breathe a sigh of relief because, in many scenarios, they should no longer face unexpected charges from doctors who are not in their insurance networks.
The pandemic that never seems to end will likely dominate our attention in 2022, along with President Biden's struggling agenda and Donald Trump's continuing hold over the GOP.
Here’s what else Axios’ newsletter authors and expert reporters will be watching — from interest rates to Big Tech scrutiny to whether last year's climate pledges will lead to meaningful action this year. (Sign up for their newsletters here.)
