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Transcripts For CSPAN2 Financial 20240703

[background noises] clicks the committee will come to order without objection shares authorized to declare recess for the committee any time. The hearing todays entitled oversight of regulators. Without objection all members of five legislative days in which to submit extraneous materials to the chair for inclusion in the record. Just one additional comment members about the schedule. This has a hard stop at 2 00 p. M. And accommodation of the three regulars before us. We will not go past 2 00 p. M. Arachnids must sell for four minutes to give an Opening Statement we here to conduct oversight regulators there is plenty to discuss put forward a proposal that require robust debate and explanation. You are first up. We all know why you failed your employees your agency the fact have not yet resigned approves no responsibility for your actions showing up today is not an act of courage is an act of hubris. You are confronted with a report outlining appalling and abhorrent behavior at the fe

Transcripts For CSPAN2 Financial 20240703

During three and half hour hearing. [background noises] clicks the committee will come to order without objection shares authorized to declare recess for the committee any time. The hearing todays entitled oversight of regulators. Without objection all members of five legislative days in which to submit extraneous materials to the chair for inclusion in the record. Just one additional comment members about the schedule. This has a hard stop at 2 00 p. M. And accommodation of the three regulars before us. We will not go past 2 00 p. M. Arachnids must sell for four minutes to give an Opening Statement we here to conduct oversight regulators there is plenty to discuss put forward a proposal that require robust debate and explanation. You are first up. We all know why you failed your employees your agency the fact have not yet resigned approves no responsibility for your actions showing up today is not an act of courage is an act of hubris. You are confronted with a report outlining appall

Transcripts For CSPAN3 Financial 20240703

Senate banking, housing, and urban Affairs Committee will come to order. We hear testimony from three key regulators who see responsible for protecting your Banking System and make sure it serves all americans. The hearing comes one week after release the depended view on Sexual Harassment in workplace misconduct at the fdic. It may clear the fdic has serious longrunning problems. For far too long if leaders leaders failed to take action to protect its most valuable resource, that is its workers. The review details episodes of harassment, discrimination, and other misconduct that no one should ever have to endure, especially in the workplace and it could never be tolerated. Period. This committee and the American People, clear answers and decisive action. That includes your plan for restoring fdic culture and regaining the trust of your employees. The steps you will take to put misconduct, and discrimination and ensure victims are not silenced. And how youll ensure perpetrators are fin

Political lines harden around FDIC workplace scandal

A House Financial Services Committee's hearing on workplace misconduct at the Federal Deposit Insurance Corp. Wednesday offered Republicans an opportunity to call for FDIC Chair Martin Gruenberg's immediate resignation, but Democrats pushed back against the implication that Gruenberg alone is to blame.

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