Key Democrat calls for FDIC chief’s ouster over ‘toxic culture’ that includes sexual harassment
Notably, Brown did not call for Gruenberg to immediately resign, as many Republicans in Congress have. Should Gruenberg leave the agency without a confirmed replacement, leadership of the FDIC would fall to Travis Hill, the agency’s vice chair and a Republican. The agency would then be deadlocked 2-2.
The FDIC is working with the Federal Reserve and the Office of the Comptroller of the Currency on several rule-writing projects that would tighten requirements on larger banks. That agenda could be imperiled should Gruenberg leave the agency without a replacement.
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The FDIC declined to comment when reached by FOX Business, and the White House did not immediately respond.
Reuters contributed to this report.
