Browsing: FDIC

Acting Secretary of Labor Julie Su called the findings from an investigation into claims of sexual harassment and discrimination at a prominent bank regulator as "clearly horrific" during a hearing on Thursday. When Sen. John Kennedy (R-La.) sharply questioned Su, she was pushed for details about the inquiry into the Federal Deposit Insurance Corporation (FDIC) and its findings…

The top Democrat on the House Financial Services Committee criticized an independent investigation of sexual harassment and misconduct at the Federal Deposit Insurance Corp. (FDIC), stating that it unfairly targets the agency’s current Democratic leader without focusing enough on his Republican predecessors. In a Thursday statement, Rep. Maxine Waters (D-Calif.) acknowledged the cultural issues at the FDIC,…

Rep. Bill Foster (D-Ill.) urged FDIC Chair Martin Gruenberg to step down after a law firm’s investigation confirmed a report of widespread sexual misconduct, lewd behavior, and retaliatory administrative practices at the federal banking regulator. Foster became the first House Democrat to call for Gruenberg’s resignation, joining some fellow Republicans, including the chairman…

FDIC Chair Martin Gruenberg apologized to his staff Tuesday after an investigation by a law firm confirmed a report that sexual misconduct, lewd behavior and retaliatory administrative practices were rampant at the federal banking regulator. “To anyone who experienced sexual harassment or other misconduct at the FDIC, I again want to express how very sorry…