The House Financial Services Committee held a hearing to address a report detailing a toxic workplace culture at the Federal Deposit Insurance Corporation (FDIC). The hearing follows widespread allegations of workplace misconduct under the leadership of Chair Martin Gruenberg, including impaired decision-making, abusive behavior towards staff, and a 'boys club' culture. Committee Republicans are holding Gruenberg accountable for his slow response to agency leadership changes. Representative Blaine Luetkemeyer questioned FDIC Special Committee Co-Chairs Michael Hsu and Jonathan McKernan on their lack of action in pushing for Gruenberg's resignation. The FDIC is taking steps to improve its workplace culture, and Representative Brad Sherman called for the Senate to confirm President Biden's FDIC Chair nominee promptly, urging against obstructionism.
Today I asked @FDICgov Special Committee Co-Chairs, Michael Hsu and Jonathan McKernan, why they haven't pushed for Mr. Gruenberg's to resignation. The continued enabling of a toxic workplace culture makes them no better than Mr. Gruenberg in my mind. Read my full statement…
Chair Gruenberg's leadership has been characterized by impaired decision making, abusive behavior towards staff, and a "boys club" culture. Today's hearing will help Committee Republicans to root out this toxic workplace culture at the @FDICgov. https://t.co/lgxmrK6Dn0
Following widespread allegations of workplace misconduct under Chair Gruenberg, one thing is clear: change at the @FDICgov will happen in spite of his presence—not because of it. Today, Republicans are holding Gruenberg accountable for his slow walk of agency leadership change. https://t.co/GSwHpvCb9q
The #FDIC is taking vital steps toward improving its workplace culture after horrific incidents have come to light. I hope that the Senate moves quickly to confirm @POTUS's FDIC Chair nominee – and @SenateGOP don’t engage in obstructionism and delay much-needed new leadership. https://t.co/nRIlKPCkpz
House Financial Services Committee holds a hearing on a report detailing a toxic workplace culture at the Federal Deposit Insurance Corporation.