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.
In its latest financial stability report, the Federal Reserve found that asset prices continue to exceed underlying fundamentals and leverage levels remain high, especially by hedge funds.
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The way mortgage firms address distressed military borrowers will become less regimented as the Veterans Affairs Servicing Purchase program gets phased out.
The trend is not the norm but there are growing opportunities to buy for less in some areas many people gravitate to, real-estate brokerage Redfin found.