FDIC Chair Called Before Senate Banking Committee

FDIC employees had complained of workplace sexual harassment.

This week a report broke regarding complaints from current and former employees at the Federal Deposit Insurance Corporation (FDIC) experiencing regular sexual harassment within a toxic work environment. Women shared their experiences fending off the advances of their male peers and felt that they were denied promotions and key assignments because of their gender.

The Senate Banking Committee called FDIC Chair Martin Gruenberg to appear after the harassment in the agency’s work culture was revealed.

Chairman Gruenberg said that he found the report to be “deeply disturbing” and assured the senators that the FDIC would use all its efforts to address the issue. However, committee members noted that the chairman has served on the FDIC’s board for almost two decades, which should have allowed ample opportunity to notice and address such misconduct.

“You’ve been there for 18 years at an agency that now has been exposed as having a hostile work environment towards women,” said Senator Cynthia Lummis of Wyoming. She added that the chairman “better do something about it.”

As the Lord Leads, Pray with Us…

  • For Chair Gruenberg and other members of the board as they address the toxic and harassing work culture in the FDIC.
  • For members of the Senate Banking Committee as they seek to hold agency leaders accountable.
  • For the well-being of those current and former employees who experienced inappropriate behavior or were passed over for promotion.

Sources: The Hill, CNN


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