Jay N. Lerner is the new inspector general for the FDIC, as of Jan. 9; he’s the former chief of staff and senior counsel at the Office of the Inspector General at the Department of Justice (DOJ). He was nominated by President Obama for the position, and confirmed by the Senate. A nearly 25-year veteran of federal service, Lerner will oversee the Office of Inspector General, which FDIC stated in a release conducts investigations of potential fraud and other crimes related to insured financial institutions and closed banks. Prior to his most recent position at DOJ, Lerner was assistant chief in the Fraud Section in the Criminal Division, overseeing strategy and policy. He has also prosecuted banking and money laundering cases at Justice. Additionally, he has previously held positions at the Department of Homeland Security and Transportation Security Administration.