Lawmakers on both sides of the aisle came together to grill the Federal Deposit Insurance Corporation Chairman for two days in a row.
and discrimination among women, gay people, and minority groups, with the claim they were only hired as a result of being a “token” of a quota to fill.cut to the chase on day one of the hearing when he addressed Martin Gruenberg. “You’ve failed your employees, your agency, and the American people,” he said. “The FDIC must be held to the same standards of conduct it imposes on the entities it regulates. The agency’s culture must be overhauled.
Sen. Katie Britt was infuriated with the “disturbing” findings, including “hundreds of instances of gender discrimination, unsolicited sexual advances, harassment and assault and even difficulty being promoted after having children.” Sen. J.D. Vance questioned Gruenberg on why the government corporation allowed JP Morgan to purchase First Republic Bank instead of other regional banks. Vance revealed billions of dollars in miscalculations by the FDIC and said as a result of the toxic culture, employees are afraid to provide critical information.
While Sen. Elizabeth Warren is concerned, she isn’t calling for Gruenberg’s resignation. The Massachusetts senator said merely replacing Gruenberg with Vice Chairman Travis Hill, a Republican, would be a “purely political” move for the Right.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Congress’ Odd Couple—Hakeem Jeffries and Mike Johnson—Mystifies LawmakersThe GOP Speaker and the Democratic leader have a totally unique political relationship. Do they have any personal relationship at all?
Read more »
Lawmakers press CBP chief on budget request as immigration bills stall in CongressThe leader of U.S. Customs and Border Protection was pressed on what the agency is doing to vet people seeking entry to the country at border checkpoints.
Read more »
GOP lawmakers: 'Outrageous' teacher union members 'bully' lawmakers for more moneyMembers of the Chicago Teachers Union rolled their way into Springfield to demand more state taxpayer funding. Not everyone greeted them well.
Read more »
Black lawmakers reintroduce federal CROWN Act legislation to ban hair discriminationThe bill which was previously passed in the House in 2019 and 2022 but blocked in the Senate, aims to end race-based hair discrimination in schools and workplaces.
Read more »
Black lawmakers reintroduce federal CROWN Act legislation to ban hair discriminationThe bill which was previously passed in the House in 2019 and 2022, but blocked in the Senate, aims to end race-based hair discrimination in schools and workplaces.
Read more »
OPINION: Federal lawmakers must engage with North Slope communitiesThe federal government’s most recent actions indicate a stark reversal of its initial pro-development actions.
Read more »