GOP Senators Urge FDIC Chair to Resign Over Workplace Misconduct Claims

Published on December 8, 2023

Five Republican senators on the Senate Banking Committee have demanded that Federal Deposit Insurance Corp. (FDIC) Chairman Martin Gruenberg resign over workplace misconduct allegations. In a letter dated Dec. 7, Sens. Tim Scott (R-S.C.), Thom Tillis (R-N.C.), Cynthia Lummis (R-Wyo.), Kevin Cramer (R-N.D.), and Steve Daines (R-Mont.) requested that Mr. Gruenberg provide information about the claims of a hostile environment at the agency. They cited Wall Street Journal reports that uncovered the FDIC’s years of mishandling sexual harassment and discrimination allegations and Mr. Gruenberg’s role in dealing with these cases during his tenure. “The allegations detailed in these press reports are deeply disturbing and unacceptable at any workplace, let alone a federal agency,” the letter reads....

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