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US Congressmen Demand Briefing on FDIC Culture

US Congressmen Demand Briefing on FDIC Culture

by Starling Insights

Starling Insights Editorial Board

Nov 15, 2023

Observations

USA US FDIC Toxic Culture Culture & Consequences Diversity & Inclusion Culture & Misconduct Culture for Regulators Regulatory Trends Governance, Audit & Regulatory Failures

Earlier this week, The Wall Street Journal published an article outlining allegations of a "toxic atmosphere" rife with harassment and partying at the US Federal Deposit Insurance Corporation (FDIC). Following these revelations, three Republican Congressmen on the House Committee on Financial Services — Patrick McHenry, Bill Huizenga, and Andy Barr — have sent a letter to the FDIC's Office of the Inspector General (OIG) demanding a briefing on the agency's workplace culture.

"Numerous disturbing allegations have been made regarding the Federal Deposit Insurance Corporation's (FDIC) workplace culture," the letter reads. "Reports allege that the agency maintains a culture that perpetuates sexual harassment, misogyny, and other acts of misconduct – a severe departure from the agency's effective operations to execute its mission."

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