"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.