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"FDIC Chief Faces Bipartisan Pressure and Investigation Amid Misconduct Allegations"

The Federal Deposit Insurance Corporation (FDIC) is facing bipartisan scrutiny following reports of a culture of sexual harassment. The Wall Street Journal investigation revealed that female examiners left the agency due to a sexualized and discriminatory environment, with concerns raised about FDIC Chair Martin Gruenberg's management. Senate Banking Committee Chair Sherrod Brown has called for an independent investigation into the agency's workplace culture, while House Financial Services Committee Chairman Patrick McHenry criticized Gruenberg for allegedly misleading the committee. Republicans have seized the opportunity to criticize the FDIC, capitalizing on public disapproval of financial regulators.

2 years ago•Source: The Hill

"Supreme Court's CFPB Case: A Potential Game-Changer"

governmentregulation

0.625 min•2 years ago

"Supreme Court's CFPB Case: A Potential Game-Changer"

The Consumer Financial Protection Bureau, created in response to the Great Recession, has become a powerful regulator challenging financial institutions on behalf of consumers. However, critics argue that the bureau's unique power has made it vulnerable, leading them to call for changes and an overhaul of the agency. The Supreme Court is being asked to intervene and address the concerns surrounding the CFPB's authority.

via NPR

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"FDIC Chief Faces Bipartisan Pressure and Investigation Amid Misconduct Allegations"

"Supreme Court's CFPB Case: A Potential Game-Changer"

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