Sheila Bair, the Bush-appointed chairman of the FDIC, has stepped down. Her tenure ends today and to fill her shoes: Martin Gruenberg, “her low-profile successor.”

According to CNN Money, “Gruenberg enjoys wide support from both industry and consumer advocates.”

Senator Richard Shelby, the leading Republican on banking issues, has finally thrown support to one of the White House’s nominees in government agency leadership. In recent months, Shelby’s opposition helped sink the nominations of Peter Diamond to be a governor of the Federal Reserve Board and Joseph Smith to be director of the Federal Housing Finance Agency. But now he’s singing a different tune with the FDIC.

“I believe he is a credible, honest man and I look forward to supporting him,” Shelby told Reuters in an interview about Martin Gruenberg.

The FDIC’s Advisory Committee on Economic Inclusion is meeting right now, discussing the state of economic inclusion and the way forward. Click here to watch (there’s also an option to read the live transcript).

Next week, FDIC Advisory Committee is set to discuss the state of economic inclusion and the way forward.

Financial capability efforts offer one promising path for reaching more underserved consumers. In the most effective examples of these efforts, new technologies and innovations drive the success. Speakers and panelists will describe their recent work and will discuss the future of economic inclusion efforts with the Committee.

“So much has happened since the Committee was formed in 2006. We have a changed banking system as a result of the financial crisis and the challenges facing LMI homeowners are equally different,” said FDIC Chairman Sheila C. Bair. “This is an opportunity, at the end of my tenure, to take stock of how underserved households are faring and to chart the way forward for important efforts that help all Americans achieve financial security.”

The meeting will be open to the general public and the media and will be held from 8:45 a.m. to 3:00 p.m. in the FDIC Board Room, located on the sixth floor of the FDIC headquarters building at 550 17th Street, NW, Washington, DC. The meeting agenda and a link to the live webcast on June 2 can be found at http://www.fdic.gov/about/comein/agendaJune2011.html.