A key figure in the history of U.S. financial services regulation could be the next head of the Federal Bureau of Investigation.
President Donald Trump interviewed Frank Keating for the FBI director post Wednesday, according to White House Press Secretary Sean Spicer.
(Related: Bank Group Hires Former ACLI Head)
Trump fired the previous FBI director, James Comey, May 9.
Keating, a Republican, was the governor of Oklahoma from 1995 through 2003.
Keating then served as president of the American Council of Life Insurers from 2003 until 2010. While Keating was head of the ACLI, he played a prominent role in shaping the product suitability rules that now govern the annuity sales process. He also was a leader in life insurance industry efforts to shape the legislation that created the Dodd-Frank Act, and to mold the early Dodd-Frank implementation efforts.
Keating went on to shape Dodd-Frank implementation and enforcement from a different perspective, as the president of the American Bankers Association, from 2011 through 2015.
