A June 14, 2010 article in American Banker quoted Venable partner Ron Glancz on a soon-to-be vacated seat on the Federal Deposit Insurance Corp. board. The seat will become available when the Office of Thrift Supervision is eliminated. Proposed versions of the Financial Regulatory Reform bill, one in the House and Senate, would appoint the seat to different agencies.

The House bill would allot the seat to the Federal Reserve Board, while the Senate version would give it to a proposed consumer protection bureau. A third option could mean the seat is not filled at all and the board returns to its traditional three-member structure.

"Looking where the administration is coming from, and maybe where the Democrats on the Hill are coming from, my sense is the consumer agency would probably be the appropriate person," said Ron Glancz a former FDIC and OTS attorney. "That's not to say my industry would go for that."