By Hickory Sun |
May 15, 2024
The House Financial Services Committee, under the leadership of Chairman Patrick McHenry (NC-10), convened a hearing to scrutinize the conduct of Biden's prudential banking regulators. The Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg was held accountable by Republicans following the release of an independent report by law firm Cleary Gottlieb, which confirmed allegations of widespread misconduct and a toxic workplace culture at the agency during his tenure. The committee also examined regulators' Basel III Endgame proposal among other partisan...