Rep. Patrick McHenry, R-N.C., who chairs the House Financial Services Committee, has asked Federal Deposit Insurance Corp. Chair Martin Gruenberg to testify on June 12 regarding allegations of widespread instances of sexual harassment and discrimination at the agency spanning decades.
Bloomberg News
WASHINGTON — Rep. Patrick McHenry, R-N.C., chairman of the House Financial Services Committee, has set a date for a hearing that specifically examines the Federal Deposit Insurance Corp.'s workplace culture on June 12.
McHenry, in the letter, demanded that Gruenberg testify at the second of two panels on June 12, to understand how Gruenberg "will address the FDIC's workplace culture as chairman."
"Your appearance is critical so that Congress can ensure its banking agencies are acting to maintain stability and public confidence in the nation's financial system," McHenry said.
A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
The nation's largest bank is planning to implement fees for access to data that has traditionally been provided free of charge. Data aggregators and fintechs accused JPMorgan of exploiting regulatory uncertainty and raising prices for consumers.
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
The buyer said its $70 million cash-and-stock deal for Farmers State Bank will boost its presence in the northeast section of Ohio, and provide plenty of low-cost deposits
Historically high interest rates and falling late-payment rates suggest that credit card issuers are tightening their underwriting standards amid economic uncertainty.