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Excerpt from www.washingtonexaminer.com
Senate Banking Committee Chairman Sherrod Brown (D-OH) on Monday called on President Joe Biden to replace Federal Deposit Insurance Corporation Chairman Martin Gruenberg amid toxic workplace culture allegations at the agency.
The move was a departure from Brown’s Democratic colleagues but comes as he battles for reelection in a competitive race and has increasingly distanced himself from Biden on an array of policies.
Brown said that given the troubled claims against the bank regulator and its leadership under Gruenberg, there “must be fundamental changes at the FDIC.”
“Those changes begin with new leadership, who must fix the agency’s toxic culture and put the women and men who work there — and their mission — first,” he said in a statement.
Brown called on Biden to “nominate a new chair” immediately so that the Senate could confirm him or her, a move that would avoid an immediate resignation from Gruenberg and avert temporary Republican control of the agency by Vice Chairman Travis Hill.
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